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YTL Corp among Forbes Global 2000

   

Kuala Lumpur, 16 April 2005

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YTL Corp. has been listed on the Forbes Global 2000, a compilation of the world’s leading public companies. In the April 18th issue of the Forbes Global magazine, the 2000 companies were selected for the list based on a composite ranking for sales, profits, assets and market value, and YTL was ranked 1,832nd.

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During a short interview following the publication of the list, YTL Corp. managing director Tan Sri (Dr) Francis Yeoh expressed his delight in the recognition given to the company. “I’m thrilled that we have been noted on the list, among the Wal-Marts and Citigroups of the world.

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Topping the list was the American-based banking titan, Citigroup, followed by another three American corporations: General Electric, AIG and Bank of America. Wal-Mart Stores was listed on the 12th spot.

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“YTL is a global company and it is good to be found on this eponymous list. I’m also happy to note that this recognition is not just based on its size, but also on the quality of the company,” Yeoh said.

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“It’s also heartening to see that the company has been ranked higher that Eurotunnel (of France) and Hagemeyer (of the Netherlands), among others,” he added as he flipped through the magazine to peruse the list. Other notable companies listed after YTL included Hong Kong’s PCCW, Daewoo Engineering (of South Korea), Bharat Heavy Electric (India), San Miguel (Philippines), Siam City Bank (Thailand) and Genting Berhad.

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“One characteristic of this list is stability,” the magazine noted as it added that at least two of the four metrics used to compile the list would reflect performance and over time, profitability did matter. YTL Corp has achieved a 55% annual compounded return to shareholders since its listing on the Kuala Lumpur Stock Exchange in 1986. If investors who invested US$1 million with the company in 1986 and have kept their YTL shares till today, their investment would now be worth US$55 million!

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Giving credit to the staff of the company, Yeoh said the recognition is also made towards YTL’s intellectual capital, “which has been made possible with the indefatigable efforts and diligence of all in YTL.”

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YTL, has an enviable record of being one of the most profitable companies per employee in the world (US$56,600 per employee) indicating that the business model pursued by company’s management is sound.

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As always, Yeoh gave highest credit to the Highest, “Above all, I thank God, our Lord Jesus, for once again perfuming YTL in the global arena.”





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