Kuala Lumpur, Thursday, 23 May 2024 — YTL Power International Berhad recorded an 8% increase in revenue to RM15,979.1 million for the 9 months ended 31 March 2024 compared to RM14,804.7 million for the previous corresponding 9 months ended 31 March 2023.
Profit before tax increased 164% to RM2,875.5 million for the 9 months under review compared to RM1,091.2 million for the same period last year, whilst profit after tax grew 176% to RM2,391.9 million this year over RM866.0 million for the same period last year.
The Board of Directors of YTL Power declared an interim dividend of 3.0 sen per ordinary share in respect of the financial year ending 30 June 2024, the book closure and payment dates for which are 12 June 2024 and 28 June 2024, respectively.
Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The Group achieved strong growth for the 9 months under review, driven primarily by better margins in the power generation segment. The water and sewerage segment recorded higher revenue due to new contracts secured within the non-household retail market and the price increase allowed by the industry regulator”.
EBITDA (earnings before interest, tax, depreciation and amortisation) for the 9 months ended 31 March 2024 increased 68% to RM5.2 billion, compared to RM3.1 billion for the same period last year.
Comparison with Preceding Year Corresponding Period
| 9 months ended | |||
| 31.03.2024 RM million | 31.03.2023 RM million | Variance % | |
| Revenue | 15,979.1 | 14,804.7 | +8 |
| Profit before tax | 2,875.5 | 1,091.2 | +164 |
| Profit after tax | 2,391.9 | 866.0 | +176 |