KUALA LUMPUR: YTL Corp Bhd's net profit rose 44.5% to RM237.38 million in the second quarter ended Dec 31, 2011 from RM164.18 million a year ago mainly attributable to better performance in the multi-utilities segments.
It said on Thursday that its revenue rose 18.3% to RM5.325 billion from RM4.499 billion. Earnings per share were 2.63 sen compared with 1.83 sen.
“The group profit before taxation for the current financial quarter was RM610.1 million, an increase of 26.9% as compared to RM480.9 million recorded in the preceding year corresponding quarter,” it said.
For the first half, its net profit rose 10.4% to RM489.21 million from RM44.08 million in the previous corresponding period. Its revenue rose 10.8% to RM9.868 billion from RM8.904 billion. Group profit before taxation was RM1.140 billion, up 3.2% from RM1.104 billion.
YTL Corp group managing director Tan Sri Francis Yeoh said the group continued to perform well.
“Revenue topped RM9.8 billion, 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,” he said.
YTL Corp said its ‘Yes’ mobile broadband operations registered a loss mainly due to the upfront implementations costs to build the 4G infrastructure. Its mobile broadband network segment registered a loss before tax of RM197.04 million on the back of RM30.6 million in revenue.
It said on Thursday that its revenue rose 18.3% to RM5.325 billion from RM4.499 billion. Earnings per share were 2.63 sen compared with 1.83 sen.
“The group profit before taxation for the current financial quarter was RM610.1 million, an increase of 26.9% as compared to RM480.9 million recorded in the preceding year corresponding quarter,” it said.
For the first half, its net profit rose 10.4% to RM489.21 million from RM44.08 million in the previous corresponding period. Its revenue rose 10.8% to RM9.868 billion from RM8.904 billion. Group profit before taxation was RM1.140 billion, up 3.2% from RM1.104 billion.
YTL Corp group managing director Tan Sri Francis Yeoh said the group continued to perform well.
“Revenue topped RM9.8 billion, 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,” he said.
YTL Corp said its ‘Yes’ mobile broadband operations registered a loss mainly due to the upfront implementations costs to build the 4G infrastructure. Its mobile broadband network segment registered a loss before tax of RM197.04 million on the back of RM30.6 million in revenue.
