YTL Corp.’s half year revenue grows 10.8%

YTL Corp. Berhad has announced a 10.8% growth in revenue to RM 9868.2 million, for the six months ended 31 December 2011, compared to RM 8904.7 million for the corresponding period ended 31 December 2010. Profit before taxation increased to RM 1140.2 million for the second quarter of the financial year ending 30 June 2012, compared to RM 1104.7 million for the same period last year.

YTL Cement’s revenue for the second quarter of the financial year ending 30 June 2012 grew 12.2% to RM 1148.4 million compared to RM 1023.7 million for the previous corresponding period ended 31 December 2010. Net profit attributable to shareholders increased 8.8% to RM 167.9 million this year, compared to RM 154.4 million last year, due mainly to higher demand for cement in the construction industry and contributions from offshore subsidiaries.

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said of the results: “At the half-way mark of the 2012 financial year, the Group continued to perform well. Revenue topped RM 9.8 billion, increasing 11% or RM 964 million over the same period last year, due mainly to the ongoing resilience of our multi-utility businesses in Malaysia, the UK and Singapore. Overall, our cement and multi-utility operations, which are the Group’s major contributors, continued to register sound performance.

“[YTL Group] is in the process of delisting YTL Cement as acceptances of the voluntary share exchange offer into YTL Corp’s shares have resulted in YTL Corp., YTL Industries and persons acting in concert holding more than 90% of YTL Cement’s shares.”

Read the article online at: https://www.worldcement.com/asia-pacific-rim/24022012/ytl-corp-%E2%80%99s-half-year-revenue-grows-10-8-percent/