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We understand that YTLREIT plans to expand its portfolio further via acquisition of assets, particularly hospitality assets from its parent, YTL Corp - potentially within the Europe and South East Asia regions.

YTL Corp Records 1st Quarter Revenue of RM5.3 Billion (US$1.3 Billion) & Profit Before Tax of RM184 Million (US$44 Million)

YTL Corp Executive Chairman, Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, KBE, CBE, FICE, said, "The Group saw a 29.3% increase in revenue to RM5.3 billion for the quarter under review, with all business segments turning in better performances. The utilities segment achieved higher revenue from improved sales volumes of fuel oil and electricity, although the significant reduction in vesting contract levels across the industry and losses on sales of fuel oil in the merchant multi utilities division, coupled with the absence of project revenue in the telecommunications segment, resulted in lower profit before tax.

"The increase in revenue in the cement division resulted mainly from the consolidation of Malayan Cement Berhad for a full quarter and higher sales volumes from all other divisions. However, the segment incurred a loss before tax due to higher finance costs. Meanwhile, the significant increase in revenue and profit before tax in the construction segment was due to a substantial increase in construction works.

"The hotels segment continued to perform well, driven mainly by The Westin Perth hotel in Australia and better performance of Star Hill Hotel Sdn Bhd which operates the JW Marriott Hotel Kuala Lumpur following the completion of its refurbishment exercise in June 2019, whilst in the property segment, revenue increased as a result of sales of completed properties of 3 Orchard By-The-Park and The Fennel."

YTL sees rail opportunities in U.K.

YTL Corp Bhd, the biggest Malaysian investor in the United Kingdom, plans to foray into the state’s rail industry, said executive chairman Tan Sri Francis Yeoh. Yeoh said the rail sector in the UK is a growing industry and offers a bright future for companies looking for opportunities.

Meet the man behind YTL Arena plans and why he’s willing to invest millions into Bristol

Who are YTL, the firm behind the plans for the YTL Arena, submitted to Bristol City Council this week? In an exclusive interview for Bristol Live, Mike Norton spoke to YTL�s Dato Hong Yeoh about the company and the principles which drive it.

Starhill Gallery to undergo transformation

THE iconic Starhill Gallery, which is part of a portfolio of retail assets owned by Singapore-based Starhill Global Real Estate Investment Trust (SGREIT) will undergo a transformation and revealed as The Starhill � Home of the Tastemakers in 2021.

Clean-up at Chesil Beach by Wessex Water volunteers

More than 80 Wessex Water volunteers visited Chesil Beach near Portland for a beach clean � and removed a huge haul of rubbish.

YTL set to increase investments in UK

YTL Group executive chairman Tan Sri Francis Yeoh has been conferred the Knight Commander of The Most Excellent Order of the British Empire award for his contribution to the United Kingdom’s economy and bilateral ties between two countries.

YTL’s Express Rail Link receives international recognition for its Partnership Initiatives at The Global AirRail Awards 2019

YTL owned Express Rail Link Sdn. Bhd. (ERL) has picked up the Partnership of the Year Award at the annual Global AirRail Awards held in Vienna for its efforts in expanding its sales platform and customer base worldwide.

Kingston University alumnus Tan Sri (Sir) Francis Yeoh receives Queen’s knighthood (KBE) at Clarence House

Tan Sri (Sir) Francis Yeoh (BSc Civil Engineering, 1978), Executive Chairman of the YTL Group, who received a knighthood in the Queen’s Birthday Honours, was presented with his award by Prince Charles in an investiure ceremony at Clarence House on 13 October.

YTL Land & Development’s 3 Orchard By-the-Park wins 6 awards at EdgeProp Singapore Excellence Awards 2019

Commenting after the awards night, Joseph Yeoh, Vice President of YTL Land & Development said, "To win one award would be rewarding enough, but to win a total of six in the EdgeProp Singapore Excellence Awards including Top Luxury Development and Design Excellence for a single development is a strong endorsement of the exceptional curation and unique proposition of 3 Orchard By-The-Park. We are so pleased that the design by Antonio Citterio Patricia Viel which is their first-ever for residential development in SE Asia is well recognised by the industry and received by buyers alike as reflected by our win for the coveted People Choice�s Award. We Would like to thank every buyer who has supported us and our diligent development team that has curated the project from conception to development. We thank our Lord Jesus again for this wonderful honour as we look to develop more projects in Singapore.�

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