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YTL Power Registers 1st Quarter Revenue of RM2.5 Billion (US$610 Million) & Profit Before Tax of RM109 Million (US$27 Million)



Kuala Lumpur, Thursday 26 November 2020 

YTL Power International Berhad recorded an increase in revenue to RM2,502.8 million (US$610.4 mn) for the 3 months ended 30 September 2020, compared to RM2,291.6 million (US$558.9 mn) for the preceding quarter ended 30 June 2020. Profit before tax increased to RM108.9 million for the current quarter under review compared to RM99.4 million (US$ 24.2 mn) in the previous quarter. 

Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, KBE, CBE, FICE, Executive Chairman of YTL Power, said, “YTL Power recorded a 9.5% increase in profit before tax to RM108.9 million for the quarter under review primarily due to better performance of the merchant multi-utilities business in Singapore and the water and sewerage sub-segment in the UK. The performance of our Singapore business, which has returned to profitability after several quarters of losses due to the overcapacity situation in the market, is particularly promising and bodes well for our performance this year”.

Comparison with Preceding Quarter

  Current Quarter
30.09.2020

RM ‘000
Preceding Quarter
30.06.2020
RM ‘000
 
Variance
%
Revenue 2,502,830 2,291,570 +9.2%
Profit/(loss) before taxation 108,857 99,403 +9.5%
Profit/(loss) after taxation 77,876 (93,041) >100.0%

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