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YTL Power's 3rd Quarter Revenue Up 198% to RM9.7 Billion (US$2.9 Billion)
26% Increase in Profit Before Tax to RM1.07 Billion (US$317 Million)
7.5% Single Tier Interim Dividend Declared
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Kuala Lumpur, 27 May 2010 YTL Power registered a 197.5% increase in revenue for the 9 months ended 31 March 2010 to RM9,689.5 million (US$2,883.8 mn) compared to RM3,256.6 million (US$969.2 mn) for the previous corresponding 9 months ended 31 March 2009. Profit before taxation grew to RM1,066.1 million (US$317.3 mn) for the 9 months ended 31 March 2010, an increase of 26.5% over RM843.1 million (US$250.9 mn) for the same period last year. The increase in revenue and profit before tax was due principally to the consolidation of results from PowerSeraya Limited, which YTL Power acquired in March 2009. YTL Power declared a 3rd interim single tier dividend of 7.5% per share for the financial year ending 30 June 2010. The book closure and payment dates for the dividend are 30 June 2010 and 15 July 2010, respectively. Together with the 1st and 2nd interim single tier dividends of 7.5% each declared earlier this financial year, this represents an annualised dividend yield of approximately 6.8%. |
