YTL Corp on track to double first half sales, Malaysia

YTL Corp on track to double first half sales, Malaysia
Published: 30 March 2010

YTL Corp has said it is on track to nearly doubling its 2010 sales from last year’s US$2.6bn.

The company also said it is confident of achieving a 20 per cent compounded growth in profits and sales over the next 10 years.

It said the improving economy will boost its core businesses, while prospects for the luxury property operations are expected to be bright.

YTL is also hoping that the improving global economy will boost its other business units which include cement, property development, hotels and utilities.

In addition, the company said it is looking at acquisition options in the water utilities, power and cement business. The company is betting on the China market, where it wants to grow its presence in the cement and power generation sectors.

Source: News Asia