Media Centre
Occasionally, we make the headlines with business or financial news. But the kind of news that really makes our day is when ordinary people talk about our services in a positive way. That is when we are reminded, what we are doing changes lives for the better. And that is what really matters.
Media Contact
For more information, contact:
Email: enquiries@ytlpowerinternational.com
YTL Power’s 1st Quarter Profit Before Tax increases 124% to RM225 Million
Kuala Lumpur, Thursday, 24 November 24 2022
YTL Power International Berhad’s profit before tax grew 124% to RM224.9 million for the 3 months ended 30 September 2022 compared to RM100.3 million for previous corresponding 3 months ended 30 September 2021. Profit after tax increased by 227% to RM167.6 million this quarter compared to RM51.3 million for the same quarter last year.
Revenue increased 35% to RM4,744.5 million for the 3 months ended 30 September 2022 compared to RM3,513.5 million for the same quarter last year.
Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The improved results were due primarily to better performance of YTL PowerSeraya Pte Ltd in Singapore, driven by higher pool and retail prices, with Wessex Water Limited and our Brabazon project in the United Kingdom also contributing to higher revenue”.
Comparison with preceding year corresponding quarter
| 3 months ended 30.9.2022 RM million |
3 months ended 30.9.2021 RM million |
Variance |
|
| Revenue | 4,744.5 | 3,513.5 | + 35 |
| Profit before tax | 224.9 | 100.3 | + 124 |
-END-
