Kuala Lumpur, Tuesday, 26 November 2024
YTL Power International Berhad recorded revenue of RM5,683.5 million for the 3 months ended 30 September 2024 compared to RM6,305.2 million for the preceding 3 months ended 30 June 2024. Profit before tax stood at RM664.8 million for the 3 months under review compared to RM1,140.0 million for the preceding quarter.
Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The Group made a strong start to the 2025 financial year, turning in revenue of RM5.7 billion for the quarter under review.
“Operating profit increased 2% this quarter compared to the preceding quarter, after adjusting for non-cash items comprising the current quarter’s unrealised foreign exchange losses of RM293.3 million and the one-off fair value gain of RM203.5 million arising from the acquisition of shares in Ranhill recognised during the preceding quarter.”
EBITDA (earnings before interest, tax, depreciation and amortisation) for the 3 months ended 30 September 2024 stood at RM1.5 billion, compared to RM1.9 billion for the quarter ended 30 September 2023.
Comparison with Preceding Quarter
| 30.09.2024 RM million |
30.06.2024 RM million |
Variance % |
|
| Revenue | 5,683.5 | 6,305.2 | -10 |
| Profit before tax (as reported) | 664.8 | 1,140.0 | |
| Adjustments | 1 293.3 | 2 (203.5) | |
| Adjusted profit before tax | 958.1 | 936.5 | +2 |
1 Unrealised foreign exchange losses
2 One-off fair value gain on acquisition of Ranhill shares