YTL Corp pre-tax profit jumps 39%

YTL Corp pre-tax profit jumps 39%
Published: 27 August 2004

YTL Corp Bhd has recorded a 39% jump in pre-tax profit to RM1.16bil for the
fiscal year ended June 30, as revenue improved by 9% to RM4.4bil from the
previous year on better operating results by its subsidiaries. However,
pre-tax earnings in the fourth quarter were 9.6% lower at RM260mil against
RM288mil in the previous corresponding period. Revenue was flat at
RM1.098bil. 

“The decrease in pre-tax profit for the current financial quarter was mainly
due to reduction in contribution from the power generation business and
investment income,’’ the company told Bursa Malaysia yesterday.

YTL Cement Bhd’s performance also improved in the year ended June 30,
propelled by consolidation of income from Pahang Cement Sdn Bhd.  The cement
manufacturer made a pre-tax profit of RM100mil against RM80mil previously.
Revenue rose in tandem to RM151mil from RM118mil.