Latest news with #YTLCorp
The Star
22-05-2025
- Business
- The Star
YTL Corp quarterly revenue increases
PETALING JAYA: YTL Corp Bhd expects the performance of its business segment to remain resilient going forward due to the essential nature of its operations. For the third quarter ended March 31, 2025 (3Q25), the group posted a 15.5% year-on-year (y-o-y) decline in net profit to RM419.4mil, translating to an earnings per share of 3.81 sen. This is despite a higher revenue which grew by 1.5% y-o-y to RM7.3bil. For the nine-month period ended March 31, 2025 (9M25), YTL Corp's net profit was down by 17% y-o-y to RM1.3bil, while revenue was up by 4% y-o-y to RM23.2bil. Earnings before interest, tax, depreciation and amortisation for 9M25 remained steady at RM6.9bil, compared with RM7bil in 9M24. YTL Group executive chairman Tan Sri Francis Yeoh Sock Ping said the group delivered solid results for the period under review, with all divisions continuing to turn in healthy performances. 'Results from our utilities segment moderated following an exceptional performance driven by the power generation sub-segment in Singapore last year, and we continue to see good turnaround in the UK water and sewerage sub-segment,' he said in a statement yesterday. Yeoh added that the cement division recorded a strong set of results, whilst higher revenue in the construction segment due to an increase in work volumes from third-party construction projects was impacted by elevated construction costs. 'Meanwhile, the hotel division continued to achieve higher occupancy rates and stronger average room rates across key properties,' he said. YTL Power, meanwhile, recorded a revenue of RM16.25bil for 9M25 compared to RM15.98bil for the corresponding 9M24. Profit before tax decreased to RM2.24bil for the current period under review over RM2.88bil for the same period last year, whilst profit after tax stood at RM1.79bil this year compared to RM2.39bil for the same period last year. YTL Power executive chairman Yeoh said the group's performance remained strong for the financial year to date, prompting a higher interim dividend of four sen per share. 'Performance of the power generation segment in Singapore has continued to moderate on the back of lower pool and retail prices, following exceptional results seen last year. 'In our water and sewerage segment, higher revenue resulted from the increase in price allowed by the UK regulator, as well as revenue contribution from our operations in Malaysia, with profit improving primarily due to the said price increase in the United Kingdom, coupled with the decrease in inflationary pressures on index-linked bonds,' he said. Yeoh added that the telecommunication segment recorded better performance in the current period due to higher project revenue, whilst in the investment holding segment, higher revenue was contributed mainly by the consultancy services sub-segment, although profit was impacted by unrealised foreign-exchange losses. YTL Power declared a higher interim dividend of four sen per ordinary share in respect of the financial year ending June 30, 2025, compared to three sen per ordinary share declared in the corresponding quarter last year. The book closure and payment dates for which are June 25, 2025 and July 10, 2025, respectively. Malayan Cement's revenue remained stable at RM3.42bil in 9M25 compared to RM3.41bil for the corresponding 9M24. Profit before tax increased 43% to RM718.3mil for the nine months under review compared to RM503.4mil for the same period last year, whilst profit after tax rose 59% to RM507.5mil in the current period under review over RM318.7mil for the same period last year. Malayan Cement executive chairman Yeoh said the better performance was due to improved operational efficiencies, lower production costs, reduced borrowing costs and the absence of recognition of share option costs in the current quarter, coupled with a one-off gain from a compulsory land acquisition recorded in the last quarter. YTL Hospitality-REIT recorded a revenue of RM421.3mil for 9M25, approximating that of the corresponding 9M24, whilst net property income grew 2% to RM228.1mil compared to RM223.7mil for the same period last year.
The Star
22-05-2025
- Business
- The Star
YTL Corp expects its business to stay resilient
PETALING JAYA: YTL Corp Bhd expects the performance of its business segment to remain resilient going forward due to the essential nature of its operations. For the third quarter ended March 31, 2025 (3Q25), the group posted a 15.5% year-on-year (y-o-y) decline in net profit to RM419.4mil, translating to an earnings per share of 3.81 sen. This is despite a higher revenue which grew by 1.5% y-o-y to RM7.3bil. For the nine-month period ended March 31, 2025 (9MFY25), YTL Corp's net profit was down by 17% y-o-y to RM1.3bil, while revenue was up by 4% y-o-y to RM23.2bil. Earnings before interest, tax, depreciation and amortisation for 9MFY25 remained steady at RM6.9bil, compared with RM7bil for 9MFY24. YTL Group executive chairman Tan Sri Francis Yeoh Sock Ping said the group delivered solid results for the period under review, with all divisions continuing to turn in healthy performances. 'Results from our utilities segment moderated following an exceptional performance driven by the power generation sub-segment in Singapore last year, and we continue to see good turnaround in the UK water and sewerage sub-segment,' he said in a statement yesterday. Yeoh added that the cement division recorded a strong set of results, whilst higher revenue in the construction segment due to an increase in work volumes from third-party construction projects was impacted by elevated construction costs. 'Meanwhile, the hotels division continued to achieve higher occupancy rates and stronger average room rates across key properties,' he said. YTL Power recorded revenue of RM16.25bil for 9MFY25 compared to RM15.98bil for the corresponding 9MFY24. Profit before tax decreased to RM2.24bil for the current period under review over RM2.88bil for the same period last year, whilst profit after tax stood at RM1.79bil this year compared to RM2.39bil for the same period last year. YTL Power executive chairman Yeoh said the group's performance remained strong for the financial year to date, prompting a higher interim dividend of 4 sen per share. 'Performance of the power generation segment in Singapore has continued to moderate on the back of lower pool and retail prices, following exceptional results seen last year. In our water and sewerage segment, higher revenue resulted from the increase in price allowed by the UK regulator, as well as revenue contribution from our operations in Malaysia, with profit improving primarily due to the said price increase in the UK, coupled with the decrease in inflationary pressures on index-linked bonds,' he said. Yeoh added that the telecommunication segment recorded better performance in the current period due to higher project revenue, whilst in the investment holding segment, higher revenue was contributed mainly by the consultancy services sub-segment, although profit was impacted by unrealised foreign exchange losses. YTL Power declared a higher interim dividend of 4 sen per ordinary share in respect of the financial year ending June 30, 2025, compared to 3 sen per ordinary share declared in the corresponding quarter last year. The book closure and payment dates for which are June 25, 2025 and July 10, 2025, respectively. Meanwhile, Malayan Cement's revenue remained stable at RM3.42bil for 9MFY25 compared to RM3.41bil for the corresponding 9MFY24. Profit before tax increased 43% to RM718.3mil for the nine months under review compared to RM503.4mil for the same period last year, whilst profit after tax rose 59% to RM507.5mil in the current period under review over RM318.7mil for the same period last year. Malayan Cement executive chairman Yeoh said the better performance was due to improved operational efficiencies, lower production costs, reduced borrowing costs and the absence of recognition of share option costs in the current quarter, coupled with a one-off gain from a compulsory land acquisition recorded in the last quarter. 'The group's ongoing cost reduction and efficiency efforts, supported by strong leadership and innovation, have yielded positive results. All business units contributed to the improved performance, showcasing the strength of the group's diversified portfolio, with the ready-mix concrete business excelling in delivering high-value, bespoke products tailored to the evolving needs of the construction industry,' he said. Meanwhile, YTL Hospitality REIT recorded revenue of RM421.3mil for 9MFY25, approximating that of the corresponding 9MFY24, whilst net property income grew 2% to RM228.1mil for the current period under review compared to RM223.7mil for the same period last year.
Malay Mail
07-05-2025
- Business
- Malay Mail
Bursa Malaysia surges to intraday high, boosted by telecom, media and utilities
KUALA LUMPUR, May 7 — Persistent buying in selected telecommunications and media, as well as utilities counters lifted Bursa Malaysia to end at an intraday high today, in line with positive momentum across the regional market, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 0.85 per cent, or 13.10 points, to 1,549.90 from yesterday's close of 1,536.80. CelcomDigi and YTL Corp were the top two contributors to the benchmark index's increase, rising 12 sen to RM3.91 and 11 sen to RM2.05, respectively, with a combined contribution of 4.50 points. The market bellwether opened 0.24 of-a-point lower at 1,536.56, its lowest point today, before climbing back up for the rest of the day towards closing. In the broader market, gainers trounced losers 595 to 378, while 477 counters were unchanged, 885 untraded, and nine suspended. Turnover improved to 2.84 billion units worth RM2.43 Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices closed higher after the Trump administration confirmed that top US officials would meet Chinese counterparts this weekend for trade discussions. 'We believe these discussions could represent a pivotal step towards easing trade tensions sparked by President Donald Trump's policies. The local bourse is recovering after two weak sessions, supported by improved investor sentiment and increased foreign buying driven by attractive valuations. 'With positive technical signals emerging, the FBM KLCI appears poised for further gains, provided it holds above its support zones. We expect the benchmark index to trade between 1,530 and 1,560 for the remainder of the week,' he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the market is also focused on the upcoming US Federal Open Market Committee's decision on interest rate and Federal Reserve (Fed) Chair Jerome Powell's press conference this evening. 'While a rate cut is not anticipated at this meeting, market participants will scrutinise the Fed's forward guidance,' he said. He also anticipates Bank Negara Malaysia to maintain the Overnight Policy Rate following its Monetary Policy Committee meeting, which concludes tomorrow, reinforcing a stable policy environment. Among the heavyweights, Maybank rose 4.0 sen to RM10, Tenaga Nasional advanced 10 sen to RM14.16, CIMB garnered 5.0 sen to RM6.95, while Public Bank and IHH Healthcare were flat at RM4.47 and RM7, respectively. For active stocks, Sapura Energy perked up half-a-sen to 4.5 sen, Tanco Holdings added 1.5 sen to 90 sen, DNeX went up 1.0 sen to 27.5 sen, while WTEC slipped 1.5 sen to 24 sen. On the index board, the FBM Emas Index was 106.12 points better at 11,519.59, the FBMT 100 Index surged 103.66 points to 11,291.31, and the FBM Emas Shariah Index jumped 126.80 points to 11,438.01. The FBM 70 Index soared 182.01 points to 16,244.24, and the FBM ACE Index improved 12.84 points to 4,651.61. Across sectors, the Financial Services Index garnered 59.42 points to 18,188.61, the Industrial Products and Services Index went up 1.81 points to 152.29, the Energy Index climbed 6.43 points to 685.05, while the Plantation Index advanced 20.33 points to 7,305.29. The Main Market volume improved to 1.42 billion units valued at RM2.16 billion against yesterday's 1.22 billion units worth RM1.61 billion. Warrants turnover slipped to 1.05 billion units worth RM150.97 million from 1.22 billion units valued at RM157.38 million previously. The ACE Market volume expanded to 371.32 million units valued at RM118.03 million compared with 346.85 million units worth RM103.09 million on Tuesday. Consumer products and services counters accounted for 198.20 million shares traded on the Main Market, industrial products and services (186.97 million), construction (106.73 million), technology (184.73 million), SPAC (nil), financial services (77.56 million), property (174.74 million), plantation (23.92 million), REITs (17.62 million), closed/fund (40,100), energy (210.92 million), healthcare (44.47 million), telecommunications and media (72.49 million), transportation and logistics (57.54 million), utilities (58.36 million), and business trusts (19,000). — Bernama
