YTL Power’s Full Year Profit After Tax Increases 73% to RM3.5 Billion

2nd Interim Dividend of 4.0 Sen per Share Declared, Annual Dividend Totals 7.0 Sen

YTL Power International, August 21, 2024

YTL Power International Berhad recorded revenue of RM22,320.5 million for the 12 months ended 30 June 2024, increasing 2% compared to RM21,890.5 million for the previous 12 months ended 30 June 2023.

Profit before tax grew 68% to RM4,114.6 million for the 12 months under review compared to RM2,449.5 million last year, whilst profit after tax rose 73% to RM3,510.3 million this year over RM2,032.6 million last year.

The Board of Directors of YTL Power declared a second interim dividend of 4.0 sen per ordinary share in respect of the financial year ended 30 June 2024, the book closure and payment dates for which are 13 November 2024 and 29 November 2024, respectively. Combined with the first interim dividend of 3.0 sen per ordinary share declared last quarter, this amounts to a total dividend of 7.0 sen per ordinary share in respect of the 2024 financial year.

Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The Group achieved outstanding results for the year, contributed primarily by better profit before tax recorded in the power generation segment in Singapore as a result of better margins and lower interest expenses following early loan repayments.

“Improved performance of the water and sewerage segment in the UK was driven mainly by newly secured contracts in the non-household retail market and the price increase allowed by the industry regulator, whilst in the telecommunications segment, improved performance was achieved due to higher project revenue.”

EBITDA (earnings before interest, tax, depreciation and amortisation) for the 12 months ended 30 June 2024 increased 36% to RM7.2 billion, compared to RM5.3 billion last year.

Comparison with Preceding Year