YTL Corp Bhd's net profit increased 23.6 per cent to RM1.06 billion in the year ended June 30 2011 from RM856.8 million a year ago.
Revenue for the 12-month period improved 12.5 per cent to RM18.57 billion from RM16.5 billion previously.
YTL group managing director Tan Sri Francis Yeoh Sock Ping said the performance was driven primarily by its power generation, water and cement operations and overseas property development projects.
The group's key utilities comprise PowerSeraya, one of the three largest electricity companies in Singapore, Wessex Water in the UK and the Paka and Pasir Gudang power stations in Malaysia.
YTL and Japan's Marubeni Corp would leverage on their partnership to cooperate on potential investments in the global utilities industry, Yeoh said in a statement yesterday.
"During the year under review, we continued to make progress on the reorganisation of the group's property development assets and companies, which was approved by shareholders this month and it is now pending completion.
"The reorganisation will streamline operations by housing the group's property development assets and projects within the same division," he said.
YTL Power International Bhd saw its net profit and revenue grow by 6.3 per cent and 9.1 per cent respectively for the 12-month period due mainly to better performance by its foreign operations.
The unit's net profit hit RM1.32 billion this year over RM1.24 billion last year, while revenue was RM14.66 billion compared to RM13.44 billion before.
Meanwhile, YTL Cement Bhd improved on its net profit by 23.3 per cent to RM331.9 million, while revenue grew 18.7 per cent to RM2.2 billion.
YTL Land & Development Bhd's net profit was up marginally to RM18.3 million, but revenue fell 18.8 per cent to RM73.2 million on lower sales from the property development and construction segments.
YTL E-Solutions Bhd's net profit grew to RM35.7 million over RM8.8 million last year, while revenue surged 68.5 per cent to RM74.2 million, thanks to higher fee income earned from WiMAX and a gain from the disposal of its subsidiary Extiva Communications Sdn Bhd during the year.
By Rupinder Singh, Business Times
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