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YTL Power Registers 9-Month Revenue of RM8.1 Billion (US$2.0 Billion)
Kuala Lumpur, 26 May 2016
YTL Power International Berhad registered revenue of RM8,078.8 million (US$1,994.8 mn) for the 9 months ended 31 March 2016 compared to RM9,078.7 million (US$2,241.6 mn) for the preceding year corresponding period ended 31 March 2015, whilst profit for the period stood at RM685.6 million (US$169.3 mn) this year over RM707.8 million (US$174.8 mn) for the same period last year.
The Group's water and sewerage division recorded better performance due to the weakening of the Ringgit against the British Pound. In the power generation division, the significant drop in revenue and profit arose upon the successful completion on 30 September 2015 of the Group's power purchase agreement for its Malaysian power stations.
Meanwhile, the merchant multi-utilities business in Singapore was impacted by lower fuel oil prices, coupled with lower vesting volumes and retail margins, whilst the Group's local mobile broadband division saw ongoing growth in its subscriber base, thereby lowering the segment's losses for the period under review.