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YTL Power Registers 1st Quarter Revenue of RM2.8 Billion (US$669 Million)

Kuala Lumpur, Friday 23 November 2018 - YTL Power International Berhad recorded revenue of RM2,803.4 million (US$669.1 mn) for the 3 months ended 30 September 2018 compared to RM2,815.8 million (US$672.0 mn) for the preceding 3 months ended 30 June 2018. Profit before tax stood at RM190.7 million (US$45.5 mn) this quarter compared to RM283.3 million (US$67.6 mn) last quarter, with profit after tax of RM150.4 million (US$35.9 mn) for the quarter under review.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, Executive Chairman of YTL Power, said, "YTL Power's revenue for the quarter remained stable, with all divisions continuing to perform on target. The contracted power generation segment continues to supply electricity from Paka Power Station under the new power purchase agreement which commenced on 1 September 2017. Meanwhile, whilst the Singapore market remains challenging due to the ongoing over-supply situation, the division's performance remained satisfactory. The lower profit before taxation this quarter was primarily attributable to the absence of a one-off pension credit recognised in the last quarter in the water and sewerage segment."





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