YTL Power International Berhad registered an increase in revenue to RM2,636.5 million (US$636.8 mn) for the current quarter ended 31 March 2021 compared to RM2,616.6 million (US$632.0 mn) for the previous quarter ended 31 December 2020.
Profit before tax stood at RM168.6 million (US$40.7 mn) for the quarter under review compared to RM206.6 million (US$49.9 mn) for the last quarter.
The Board of Directors of YTL Power declared an interim cash dividend of 2.0 sen per ordinary share in respect of the financial year ending 30 June 2021, the book closure and payment dates for which are 15 June 2021 and 29 June 2021, respectively. The interim dividend represents a yield of approximately 3% based on the prevailing share price of RM0.70 per share.
Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, KBE, CBE, FICE, Executive Chairman of YTL Power, said, “YTL Power’s revenue for the quarter under review remained strong at RM2.6 billion, whilst the lower profit before tax was due mainly to the absence of the gain from a litigation award recorded in the previous quarter ended 31 December 2020.
“For the cumulative 9 months of the financial year to date, YTL Power registered revenue of RM7.8 billion compared to RM8.3 billion for the previous corresponding 9 months ended 31 March 2020, with profit for the period jumping 65% to RM363.6 million for the 9 months ended 31 March 2021 over RM220.7 million for the same period last year. Throughout the ongoing pandemic, the essential nature of the services provided by our utilities has continued to underscore the resilience of these businesses.”