YTL Corp 9- month earnings at RM755.1m on RM13.14b revenue

KUALA LUMPUR: YTL CORPORATION BHD []’s net profit increased marginally to RM755.1 million (US$249.2 million) in the nine months ended March 31, from RM754.3 million (US$249 million) in the previous corresponding period.

It said on Thursday, May 26 that pretax profit rose 0.9% to RM1.731 billion for the nine months compared with RM1.716 billion a year ago. Revenue rose 11.5% to RM13.146 billion compared to RM11.786 billion.

YTL group managing director Tan Sri Francis Yeoh Sock Ping said the increase continues to be contributed substantially by the group’s overseas operations, notably, PowerSeraya, a power generation and multi-utility provider which has a 25% market share of Singapore’s licensed power generation capacity, and Wessex Water, a water and sewerage company in the UK.

“The group’s cement division and overseas property development projects also contributed to the better performance during the quarter under review,” he said.

YTL POWER INTERNATIONAL BHD []’s revenue grew 7.3% for the nine months to RM10.397 billion and profit before taxation increased by 6.8% to RM1.138 billion.

Net profit attributable to shareholders grew 10.8% to RM868.0 million from RM783.1 million. The growth in revenue and profit was due mainly to better performance by the group’s foreign operations.