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YTL Power Registers 1st Quarter Revenue of RM2.6 Billion (US$617 Million) & Profit of RM155 Million (US$37 Million)

Kuala Lumpur, Wednesday 22 November 2017

YTL Power International Berhad recorded revenue of RM2,578.4 million (US$616.8 mn) for the 3 months ended 30 September 2017 compared to RM2,340.6 million (US$560.0 mn) for the preceding   corresponding 3 months ended 30 September 2016, whilst profit for the period increased to RM155.1 million (US$37.1 mn) this year, compared to RM150.6 million (US$36.0 mn) for the same period last year.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, Managing Director of YTL Power, said, "YTL Power registered a good start to the financial year, with higher profit for the first quarter of the 2018 financial year resulting from lower operating costs in the mobile broadband segment and the commencement of supply from our Paka Power Station on 1 September 2017 under the new power purchase agreement.

"Our water and sewerage business in the UK saw an increase in revenue resulting from the opening of the retail market for non-household customers and the price increase allowed by the industry regulator, although higher financing costs resulted in lower profit before taxation for the quarter. The merchant multi-utilities segment in Singapore registered lower profit before taxation due mainly to higher financing costs incurred in the current quarter, whilst the investment holding segment saw an increase in revenue due mainly to higher interest income and a decrease in profit before taxation resulting from higher financing costs, partially offset by an increase in the Group's share of results from associates."

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