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YTL Power’s Half-Year Revenue Grows 10% to RM9.4 Billion & Profit Surges 284% to RM358 Million
Kuala Lumpur, Thursday, 23 February 2023
YTL Power International Berhad’s profit after tax surged 284% to RM358.3 million for the 6 months ended 31 December 2022 compared to RM93.3 million for the previous corresponding 6 months ended 31 December 2021.
Revenue increased 10% to RM9,447.2 million for the half-year under review over RM8,620.7 million for the same period last year.
Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “Higher revenue recorded for the current half-year under review was driven mainly by improved performance in our power generation segment and stable results from our water and sewerage business”.
The YTL Power Group’s EBITDA (earnings before interest, tax, depreciation and amortisation) grew 42% to RM1.82 billion for the current half-year, over RM1.28 billion for the same period last year.
Comparison with preceding year
| 6 months ended 31.12.2022 RM million |
6 months ended 31.12.2021 RM million |
Variance |
|
| Revenue | 9,447.2 | 8,620.7 | +10% |
| Profit before tax | 480.8 | 176.5 | +172% |
| Profit after tax | 358.3 | 93.3 | +284% |
