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YTL Power Registers Half-Year Revenue of RM4.8 Billion (US$1.1 Billion) & Profit of RM341 Million (US$77 Million)

Kuala Lumpur, Thursday 23 February 2017

YTL Power International Berhad recorded revenue of RM4,805.4 million (US$1,080.0 mn) for the 6 months ended 31 December 2016 compared to RM5,837.9 million (US$1,311.9 mn) for the 6 months ended 31 December 2015, whilst profit for the period decreased to RM340.8 million (US$76.6 mn) this year, compared to RM483.1 million (US$108.6 mn) for the same period last year.


The decrease was mainly due to the absence of revenue from the contracted power generation segment, lower units of electricity sold and lower trading  volumes in the multi-utilities sub-segment, and the strengthening of the Ringgit against the British Pound, whilst the launch of nationwide 4G LTE services in the mobile broadband division resulted in an increase in revenue and lower losses recorded in the segment.


 




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