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YTL Corp 1Q net profit up 34.4% to RM278.9m

YTL Corp 1Q net profit up 34.4% to RM278.9m
Lam Jian Wyn of TheEdgeProperty.com
KUALA LUMPUR: YTL Corporation Bhd recorded a 34.4% higher net profit of RM278.9 million for its first quarter (1Q) ended Sept 30, 2010 from RM207.5 million a year ago on higher revenue, it announced to Bursa Malaysia on Thursday, Nov 25.
Turnover grew by 11.9% to RM4.4 billion from RM3.93 billion on higher contributions from its multi-utilities business and profit recognition from its property developments overseas.
Its basic earnings per share stood at 15.54 sen, up from 11.71 sen a year ago, but net assets per share stood at RM5.35, slipping from RM5.42.
The group expects to perform satisfactorily in light of its current level of operations as well as prevailing market conditions.
YTL Corporation Bhd
KUALA LUMPUR: YTL Corporation Bhd recorded a 34.4% higher net profit of RM278.9 million for its first quarter (1Q) ended Sept 30, 2010 from RM207.5 million a year ago on higher revenue, it announced to Bursa Malaysia on Thursday, Nov 25.

Turnover grew by 11.9% to RM4.4 billion from RM3.93 billion on higher contributions from its multi-utilities business and profit recognition from its property developments overseas.

Its basic earnings per share stood at 15.54 sen, up from 11.71 sen a year ago, but net assets per share stood at RM5.35, slipping from RM5.42.

The group expects to perform satisfactorily in light of its current level of operations as well as prevailing market conditions.
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