Showing posts with label YTL CORP. Show all posts
Showing posts with label YTL CORP. Show all posts
Tuesday, 30 April 2024
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Wednesday, 27 September 2023
Friday, 24 February 2012
YTL net profit up 10.4pc in 2011
Roziana Hamsawi
Published: 2012/02/24
Published: 2012/02/24
KUALA LUMPUR: YTL Corp Bhd has registered a net profit of RM489.2 million in the six months ended December 31 2011, up 10.4 per cent from the previous corresponding period.
This was posted against a 10.8 per cent growth in revenue to RM9.87 billion.
In a statement, group managing director Tan Sri Francis Yeoh said the increase in revenue was due mainly to "the ongoing resilience of our multi-utility businesses in Malaysia, the UK and Singapore."
He added that overall, the group's cement and multi-utility operations, which are the major contributors, continued to register sound performance.
The multi-utility businesses comprised power generation (in both contracted and merchant markets) and power transmission in Malaysia, Singapore, Indonesia and Australia, water and sewerage services in the UK and merchant multi-utility businesses in Singapore.
YTL Power International Bhd's net profit was up 5.2 per cent to RM560 million compared to RM532.1 million in the same period last year.
Its half-year revenue grew 9.4 per cent to RM7.73 billion.
The division's "Yes" mobile broadband operations, however, registered a loss, substantially due to the upfront implementation costs to build the 4G network for scale.
YTL Power has declared a 1.875 per cent or 0.9375 sen per share second interim dividend.
Net profit for YTL Cement Bhd, meanwhile, was higher by 8.8 per cent to RM167.9 million this year, due mainly to higher demand for cement in the construction industry and contributions from offshore subsidiaries.
Its revenue for the second quarter being reviewed grew 12.2 per cent to RM1.15 billion, compared to RM1.02 billion for the previous corresponding period ended 31 December 2010.
YTL Land and Development Bhd's net profit was also higher at RM9.3 million compared to RM5.4 million in the same period the year before on a back of RM225.9 million in revenue compared to RM41.4 million previously.
The stronger performance were substantially contributed by The Capers, being developed under the Sentul urban regeneration project, and the Lakefront and Sandy Island projects being undertaken in Singapore.
YTL E-Solutions Bhd, meanwhile, registered a higher net profit of RM18.6 million while revenue was 42.2 million.
Read more: YTL net profit up 10.4pc in 2011 http://www.btimes.com.my/Current_News/BTIMES/articles/20120223214601/Article/index_html#ixzz1nFlI4k6y
This was posted against a 10.8 per cent growth in revenue to RM9.87 billion.
In a statement, group managing director Tan Sri Francis Yeoh said the increase in revenue was due mainly to "the ongoing resilience of our multi-utility businesses in Malaysia, the UK and Singapore."
He added that overall, the group's cement and multi-utility operations, which are the major contributors, continued to register sound performance.
YTL Power International Bhd's net profit was up 5.2 per cent to RM560 million compared to RM532.1 million in the same period last year.
Its half-year revenue grew 9.4 per cent to RM7.73 billion.
The division's "Yes" mobile broadband operations, however, registered a loss, substantially due to the upfront implementation costs to build the 4G network for scale.
YTL Power has declared a 1.875 per cent or 0.9375 sen per share second interim dividend.
Net profit for YTL Cement Bhd, meanwhile, was higher by 8.8 per cent to RM167.9 million this year, due mainly to higher demand for cement in the construction industry and contributions from offshore subsidiaries.
Its revenue for the second quarter being reviewed grew 12.2 per cent to RM1.15 billion, compared to RM1.02 billion for the previous corresponding period ended 31 December 2010.
YTL Land and Development Bhd's net profit was also higher at RM9.3 million compared to RM5.4 million in the same period the year before on a back of RM225.9 million in revenue compared to RM41.4 million previously.
The stronger performance were substantially contributed by The Capers, being developed under the Sentul urban regeneration project, and the Lakefront and Sandy Island projects being undertaken in Singapore.
YTL E-Solutions Bhd, meanwhile, registered a higher net profit of RM18.6 million while revenue was 42.2 million.
Read more: YTL net profit up 10.4pc in 2011 http://www.btimes.com.my/Current_News/BTIMES/articles/20120223214601/Article/index_html#ixzz1nFlI4k6y
Monday, 4 May 2009
Britain's water companies flush away £1m every day
From The TimesApril 6, 2009
Britain's water companies flush away £1m every day
Robin Pagnamenta, Energy and Environment Editor
Britain's water companies, who are preparing to hand over their next five-year investment plans to the industry regulator tomorrow, are “pouring £1 million down the drain every day”, according to KPMG.
The professional services company said that its analysis of the water industry revealed inefficiencies in the supply chain that could total more than £2 billion over the next five years.
The 22 water companies will ask Ofwat to allow them to boost their collective spending on upgrades to the UK's water and sewage network to £27 billion over the 2010-14 regulatory cycle, a 30 per cent increase on the five-year budget that is about to end.
But Adeeb Dhallai, advisory partner at KPMG, said that many of them could achieve the same improvements to the network for up to 20 per cent less than the figures they have proposed to Ofwat. He said that companies were wasting money by “gold-plating” engineering specifications for water filtration and purification plants and pumping stations. “Sometimes the specifications are far higher than what the business actually needs,” he said.
Related Links
Southern Water fined record £20.3m by Ofwat
Severn Trent faces charges over leak data
Multimedia
GRAPHIC: What a waste of water
Mr Dhallai also blamed Britain's water companies, which include United Utilities, Severn Trent and Thames Water, for poor planning and budgeting decisions and said that many were mismanaging their relations with suppliers such as manufacturers of steel piping, filter beds and chemicals used for water treatment.
Ofwat will issue a draft response to the industry on July 23 followed by a “Final Determination” in November, which will split up its recommended budget between the companies and set the level of price rises that they can impose on their customers.
The companies, which are allowed to raise prices by an average 4.2 per cent a year above inflation, are urging Ofwat to allow them to increase customers' bills even as the retail prices index drops.
Mr Dhallai said: “They can deliver their capital projects for less than the allocated budget and retain the difference to help fund better customer service levels — or possibly better returns for shareholders.” He said that in the present economic climate, there was certain to be more pressure on the water companies to reduce price rises. “Ultimately, this action on efficiency could benefit all concerned — the water companies, their suppliers, and their 26 million UK customers.”
Turnover for Britain's water companies in 2007 was £9.2 billion, while operating profits rose £149 million to £2.9 billion. Capital expenditure, typically half of turnover, was equivalent to 53 per cent of turnover that year.
A spokeswoman for Ofwat declined to comment on the KPMG report.
Tony Wray, the chief executive of Severn Trent, which supplies water and sewage services to 3.7 million customers in the Midlands and Mid-Wales, said that it was focused on identifying waste and improving efficiencies throughout the business. He said that the company was targeting £200 million of capital efficiencies over the five-year period.
“This new approach will help us to reduce construction costs, enhance links across our supply chain, improve design efficiency, decrease waste and drive innovation,” he said.
From The TimesApril 6, 2009
Britain's water companies flush away £1m every day
Robin Pagnamenta, Energy and Environment Editor
Britain's water companies, who are preparing to hand over their next five-year investment plans to the industry regulator tomorrow, are “pouring £1 million down the drain every day”, according to KPMG.
The professional services company said that its analysis of the water industry revealed inefficiencies in the supply chain that could total more than £2 billion over the next five years.
The 22 water companies will ask Ofwat to allow them to boost their collective spending on upgrades to the UK's water and sewage network to £27 billion over the 2010-14 regulatory cycle, a 30 per cent increase on the five-year budget that is about to end.
But Adeeb Dhallai, advisory partner at KPMG, said that many of them could achieve the same improvements to the network for up to 20 per cent less than the figures they have proposed to Ofwat. He said that companies were wasting money by “gold-plating” engineering specifications for water filtration and purification plants and pumping stations. “Sometimes the specifications are far higher than what the business actually needs,” he said.
Related Links
Southern Water fined record £20.3m by Ofwat
Severn Trent faces charges over leak data
Multimedia
GRAPHIC: What a waste of water
Mr Dhallai also blamed Britain's water companies, which include United Utilities, Severn Trent and Thames Water, for poor planning and budgeting decisions and said that many were mismanaging their relations with suppliers such as manufacturers of steel piping, filter beds and chemicals used for water treatment.
Ofwat will issue a draft response to the industry on July 23 followed by a “Final Determination” in November, which will split up its recommended budget between the companies and set the level of price rises that they can impose on their customers.
The companies, which are allowed to raise prices by an average 4.2 per cent a year above inflation, are urging Ofwat to allow them to increase customers' bills even as the retail prices index drops.
Mr Dhallai said: “They can deliver their capital projects for less than the allocated budget and retain the difference to help fund better customer service levels — or possibly better returns for shareholders.” He said that in the present economic climate, there was certain to be more pressure on the water companies to reduce price rises. “Ultimately, this action on efficiency could benefit all concerned — the water companies, their suppliers, and their 26 million UK customers.”
Turnover for Britain's water companies in 2007 was £9.2 billion, while operating profits rose £149 million to £2.9 billion. Capital expenditure, typically half of turnover, was equivalent to 53 per cent of turnover that year.
A spokeswoman for Ofwat declined to comment on the KPMG report.
Tony Wray, the chief executive of Severn Trent, which supplies water and sewage services to 3.7 million customers in the Midlands and Mid-Wales, said that it was focused on identifying waste and improving efficiencies throughout the business. He said that the company was targeting £200 million of capital efficiencies over the five-year period.
“This new approach will help us to reduce construction costs, enhance links across our supply chain, improve design efficiency, decrease waste and drive innovation,” he said.
From The TimesApril 6, 2009
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