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YTL Power's 1st Quarter Revenue Grows 16% to RM3.5 Billion (US$843 Million) with Profit After Tax Improving to RM51 Million (US$12 Million)



Kuala Lumpur, Thursday, 25 November 2021 — YTL Power International Berhad’s revenue increased 16% to RM3,513.5 million (US$842.6 mn) for the 3 months ended 30 September 2021 compared to RM3,028.9 million (US$726.3 mn) for the previous quarter ended 30 June 2021. Profit after tax grew to RM51.3 million (US$12.3 mn) for the quarter under review.

Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “YTL Power recorded a significant improvement in performance for the quarter under review, contributed by the main operating segments. 

“In October 2021, YTL PowerSeraya Pte Limited, which undertakes our merchant multi-utilities business in Singapore, was appointed as the electricity importer for a two-year trial to import 100MW of electricity from Malaysia via existing interconnectors. As the appointed electricity importer, YTL PowerSeraya will work with Singapore’s Energy Market Authority to refine all technical settings and regulatory arrangements under Singapore’s Electricity Import Framework during this two-year trial. 

“We have also embarked on the acquisition of the Kulai Young Estate in Johor which we intend to develop into a large scale solar power facility with a generation capacity of up to 500MW. This is in line with our shift towards investing in more sustainable, renewable energy solutions moving forward.”

Comparison with Preceding Quarter

  Current Quarter
30.09.2021

RM '000
Preceding Quarter
30.06.2021

RM '000
 
Variance

 
Revenue 3,513,471 3,028,871 +16%
Profit before taxation 100,349 149,777 -33%
Profit/(Loss) after taxation 51,332 (466,679) >100%

 

 

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