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YTL Power Registers Half-Year Revenue of RM5.2 Billion (US$1.3 Billion) & Profit of RM320 Million (US$81 Million)

Kuala Lumpur, February 23, 2018

YTL Power International Berhad recorded higher revenue of RM5,219.2 million (US$1,328.1 mn) for the 6 months ended 31 December 2017 compared to RM4,805.4 million (US$1,222.7 mn) for the preceding corresponding 6 months ended 31 December 2016. Profit for the period decreased to RM319.8 million (US$81.4 mn) this year, compared to RM340.8 million (US$86.7 mn) for the same period last year.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, Managing Director of YTL Power, said, "Our water and sewerage segment in the United Kingdom continued to see improvements in revenue owing to the opening of the retail market for non-household customers and the price increase allowed by the industry regulator, although the segment's profit before tax decreased due to higher finance costs.

"In the contracted power generation segment, supply from our Paka Power Plant commenced on 1 September 2017 under a new power purchase agreement, contributing to profit before taxation for the current financial year.

"Our multi utilities business segment in Singapore continues to weather challenging market conditions, with revenue and profit before tax being impacted by lower margins recorded on electricity sales and oil tank leasing, in addition to higher finance costs. Meanwhile, the mobile broadband network segment continued to see improving revenue and lower operating costs on the back of the launch last year of the platform's nationwide 4G LTE services."

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