Wah lau, SP gone mad, electricity up 12.5%

[downgrader]

FUCK.....


http://www.channelnewsasia.com/stories/singaporelocalnews/view/1008068/1/.html

Electricity tariffs for households to go up by 12.5% in Q4
Posted: 29 September 2009 1619 hrs


Photos 1 of 1

HDB




SINGAPORE : For the quarter starting in October, electricity tariffs for households will go up by 12.5 per cent or 2.41 cents to 21.69 cents per kilowatt-hour.

SP Services said the increase is due largely to significantly higher fuel oil prices over the last three months, which increased by around 21 per cent to S$92.03 per barrel.

It added that this brings the fuel oil price to around the level in the first quarter of this year.

This is the second quarter tariffs have gone up, after they dipped in the first two quarters of this year.

In July, tariffs went up by 7 per cent.

Starting from July, the Energy Market Authority used a new formula of calculating tariffs, which takes an average price from the three months in the previous quarter, instead of the first month of the previous quarter. - CNA /ls

 

[TeeKee]

September, Tuesday 29 2009 - 04:41:27Crude Oil
$66.80 ▼0.04 0.06%
4:46 AM EDT - 2009.09.29

 

[metalslug]

Exactly like last year, announcing electricity tariffs hike right after Singapore GP Formula...

 

[singveld]

i guess that is what happen when you lost billions in US investment.

well, take it like a man, it will not be the last hike.

 

[jacobsgoh]

The most everyone can do is write more nasty post, other than that, just wait for the next guy to do something about it.

 

[po2wq]

gotta + dat 2 my original 2¢ worth ...

 

[makapaaa]

As expected, the CCB ministars are jumping onto the bandwagon to up prices aggressively to fund the Old Fart and butch-in-law problem gambling habit. First Mabroky up PHole prices by 50%, then Lemon Limp up COE by xx% and now, another CB scholar up electricity tariff by 12.5% when oil and gas prices are still at their lows. This should have sparked off a revolution!

 

[makapaaa]

http://www.ytl.com.my/getnews.asp?newsid=48030
YTL Corp Full-Year Revenue Jumps 37% to RM8.9 Billion (US$2.6 Billion)
Net Profit Up 12% to RM863 Million (US$247 Million) with Maiden Contribution from PowerSeraya
YTL Corp Recommends 1 for 50 Share Dividend & 15% Final Dividend

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</TD></TR><TR><TD></TD></TR></TBODY></TABLE>[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][FONT=arial, helvetica, sans-serif]Kuala Lumpur, 20 August 2009 [/FONT]
[FONT=arial, helvetica, sans-serif]YTL Corporation Berhad ("YTL Corp") today announced a 36.6% growth in revenue to RM8,946.4 million (US$2,556.1 mn, based on the prevailing exchange rate of US$1.00:RM3.50) for the 12 months ended 30 June 2009, compared to RM6,549.9 million (US$1,871.4 mn) for the preceding corresponding period ended 30 June 2008.[/FONT]
[FONT=arial, helvetica, sans-serif]Profit before taxation grew 26.1% to RM2,306.6 million (US$659.0 mn) for the financial year ended 30 June 2009, compared to RM1,829.8 million (US$522.8 mn) last year, whilst net profit grew 12.1% to RM863.1 million (US$246.6 mn) this year over RM769.8 million (US$219.9 mn) for the same period last year.[/FONT]
[FONT=arial, helvetica, sans-serif]YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “Despite tough economic conditions and ongoing volatility, both locally and internationally, the Group achieved a strong set of results for the 2009 financial year, with two significant acquisitions in Singapore bolstering our utilities and property investment divisions.[/FONT]
[FONT=arial, helvetica, sans-serif]“The addition of wholly-owned PowerSeraya to our utilities division in March 2009 enabled us to consolidate 4 months’ results for the 2009 financial year, whilst the acquisition of a 26.6% stake in Starhill Global REIT and 50% of the holding company of the REIT’s manager, resulted in an increase in profit due to the recognition of the fair value excess of the REIT’s identifiable assets and liabilities over the cost of the investment.[/FONT]
[FONT=arial, helvetica, sans-serif]“The application of the FRS 112 accounting standard arising from the abolition of industrial building allowances affecting our Wessex Water subsidiary in the UK resulted in a one-off deferred tax charge of RM442.5 million being recognised by our utilities division. This resulted in a drop in net profit for the division but is not expected to have an immediate impact on cashflow. The Group’s utilities operations have been enhanced by the addition of PowerSeraya, which is Singapore’s 2nd largest generation company, with a licensed capacity of 3,100 MW and complementary multi-utility businesses.[/FONT]
[FONT=arial, helvetica, sans-serif]“Meanwhile, our cement division also recorded another excellent year, achieving a 24.5% growth in net profit, as a result of increased contributions from the Group’s offshore cement businesses and stronger selling prices.”[/FONT]
[FONT=arial, helvetica, sans-serif]The Group’s utilities division, YTL Power International Berhad (“YTL Power”), registered a 43.8% jump in revenue for the 12 months ended 30 June 2009 to RM6,101.9 million (US$1,743.4 mn), due principally to the consolidation of approximately 4 months’ results from PowerSeraya Limited (“PowerSeraya”). Profit before taxation stood at RM1,352.4 million (US$386.4 mn) for the 12 months ended 30 June 2009, with PowerSeraya contributing RM197.4 million (US$56.4 mn) in profit before tax. [/FONT]
[FONT=arial, helvetica, sans-serif]YTL Power’s net profit stood at RM625.8 million (US$178.8 mn) for the 2009 financial year over RM1,038.8 million (US$296.8 mn) for the same period last year. The decrease in net profit resulted from a one-off deferred tax charge of RM442.5 million relating to Wessex Water Limited (“Wessex Water”), the Group’s wholly-owned subsidiary in the UK, following the abolition of industrial building allowances under the UK Finance Act 2008. The said one-off deferred tax charge does not have an immediate effect on the Group’s cashflow and was recognised in compliance with the application of Accounting Standard FRS 112 Income Taxes.[/FONT]
[FONT=arial, helvetica, sans-serif]Nevertheless, operational performance remained robust for the 12 months ended 30 June 2009, with the Group’s utility businesses comprising the Paka and Pasir Gudang power stations in Malaysia, Wessex Water in the UK, P.T. Jawa Power (a 35%-owned associate company in Indonesia) and PowerSeraya in Singapore, continuing to turn in strong performances. [/FONT]
[FONT=arial, helvetica, sans-serif]YTL Cement Berhad (“YTL Cement”), the Group’s listed cement division, achieved a 34.5% jump in revenue to RM1,972.8 million (US$563.7 mn) this year, compared to RM1,466.9 million (US$419.1 mn) for the previous corresponding 12 months ended 30 June 2008. Profit before taxation grew to RM362.7 million (US$103.6 mn) for the 12 months ended 30 June 2009, compared to RM290.0 million (US$82.9 mn) last year, whilst net profit grew 24.5% to RM240.5 million (US$68.7 mn) over RM193.2 million (US$55.21 mn) last year. The improvement was due mainly to overseas operations and better selling prices. [/FONT]
[FONT=arial, helvetica, sans-serif]Meanwhile, YTL Land & Development Berhad reported a fall in revenue to RM279.4 million and profit before taxation of RM7.8 million for the 12 months ended 30 June 2009, whilst YTL e-Solutions Berhad recorded a 14.7% increase in revenue to RM36.8 million and profit before tax of RM7.1 million.[/FONT]
[FONT=arial, helvetica, sans-serif]Shareholders Rewarded with Final Dividends[/FONT]
[FONT=arial, helvetica, sans-serif]YTL Corp recommended for shareholders’ approval a first and final dividend of 15% less Malaysian income tax for the year ended 30 June 2009, and declared a share dividend distribution of 1 treasury share for every 50 ordinary shares of RM0.50 each held in YTL Corp as at 9 September 2009. The combined cash and share dividends result in a gross dividend yield of 3.0% for the 2009 financial year (based on the 5-day weighted average price of RM7.24 per share). [/FONT]
[FONT=arial, helvetica, sans-serif]YTL Power recommended for shareholders’ approval a 3.75% single tier final dividend for the financial year ended 30 June 2009. Combined with the 3 interim dividends and share dividend distribution made earlier this financial year, this final dividend results in a gross dividend yield of 9.0% for YTL Power, for the 2009 financial year (based on the 5-day weighted average price of RM2.15 per share). [/FONT]
[FONT=arial, helvetica, sans-serif]YTL Cement recommended for shareholders’ approval a 3.75% single tier final dividend for the financial year ended 30 June 2009. Combined with the 3 interim dividends paid earlier this financial year, this results in a gross dividend yield of 3.3% for YTL Cement, for the 2009 financial year (based on the 5-day weighted average price of RM4.37 per share).[/FONT]
[FONT=arial, helvetica, sans-serif]The book closure and payment dates for the dividends of YTL Corp, YTL Power and YTL Cement will be determined and announced at a later date.

Also view full reports below:
YTL Corporation Berhad
YTL Power International Berhad
YTL Cement Berhad
YTL Land & Development Berhad
YTL e-Solutions Berhad
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[jim007jimmyboy]

PAP i let u suck my lan jiao


SUCK so much money from us chao cheebye


Hope whole famiLEE kena cancer and die

 

[jw5]

The most everyone can do is write more nasty post, other than that, just wait for the next guy to do something about it.

Use your vote wisely.

 

[tonychat]

The most everyone can do is write more nasty post, other than that, just wait for the next guy to do something about it.

That is called the infamous and filthy SINKIE CHARACTER.

 

[sinren67]

old tactics..

That would means no GE for the next 6 mths, then "reduce" by 6.5% after an increased from 12.5%, then call for GE, and claim that pap is a caring govt.