Kuala Lumpur, Thursday, 23 November 2023 - YTL Power International Berhad's revenue increased 15% to RM5,445.7 million for the 3 months ended 30 September 2023 compared to RM4,744.5 million for previous corresponding quarter ended 30 September 2022.

Profit before tax rose to RM1,031.5 million for the 3 months under review compared to RM224.9 million for the same quarter last year, whilst profit after tax jumped 407% to RM850.3 million this quarter over RM167.6 million for the corresponding quarter last year.

Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, YTL Power made a strong start to the 2024 financial year. The improved performance for the first quarter was primarily attributed to better margins and the strengthening of the Singapore Dollar against Ringgit Malaysia in the power generation segment. The water and sewerage segment also recorded improved revenue for the quarter under review, although higher interest accruals on index-linked bonds continued to have a non-cash impact on the segment's bottom line".

EBITDA (earnings before interest, tax, depreciation and amortisation) for the 3 months ended 30 September 2023 more than doubled to RM1.9 billion, compared to RM0.9 billion for the same quarter last year.

Comparison with Preceding Year Corresponding Quarter

3 months ended
30.09.2023
RM million 		30.09.2022
RM million 		Variance
%
Revenue 5,445.7 4,744.5 +15
Profit Before Tax 1,031.5 224.9 +359
Profit After Tax 850.3 167.6 +407

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YTL Power International Bhd published this content on 23 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2023 09:51:05 UTC.