Kuala Lumpur, Thursday, 22 February 2024
YTL Power International Berhad registered a 15% increase in revenue to RM10,819.3 million for the 6 months ended 31 December 2023 compared to RM9,447.2 million for the previous corresponding 6 months ended 31 December 2022.
Profit before tax rose 328% to RM2,056.3 million for the half-year under review compared to RM480.8 million for the same period last year, whilst profit after tax surged 377% to RM1,710.5 million this year over RM358.3 million for the same period last year.
Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The Group’s improved performance stemmed mainly from 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, although higher interest accruals on index-linked bonds continued to have a non-cash impact on profit”.
EBITDA (earnings before interest, tax, depreciation and amortisation) for the 6 months ended 31 December 2023 doubled to RM3.6 billion, compared to RM1.8 billion for the same period last year.
Comparison with Preceding Year Corresponding Period
| 6 months ended | |||
| 31.12.2023 RM million | 31.12.2022 RM million | Variance % | |
| Revenue | 10,819.3 | 9,447.2 | +15 |
| Profit before tax | 2,056.3 | 480.8 | +328 |
| Profit after tax | 1,710.5 | 358.3 | +377 |