YTL Power’s Full-Year Profit After Tax Soars 39% to RM2.0 Billion

Interim Dividend of 3.5 Sen per Share Declared, Annual Dividend Totals 6.0 Sen

Kuala Lumpur, Thursday, 24 August 2023

YTL Power International Berhad’s revenue grew 23% to a record-high of RM21,892.5 million for the 12 months ended 30 June 2023 compared to RM17,804.7 million for previous 12 months ended 30 June 2022. Profit before tax soared 49% to RM2,443.2 million for the 12 months under review compared to RM1,642.0 million last year, whilst profit after tax increased 39% to RM2,026.4 million this year over RM1,454.7 million last year.

For the current quarter, revenue grew 56% to RM7,087.8 million for the 3 months ended 30 June 2023 compared to RM4,536.6 million for the previous corresponding quarter ended 30 June 2022. Profit before tax jumped 216% to RM1,352.0 million for the current quarter compared to RM428.4 million for the corresponding quarter last year, with profit after tax increasing 202% to RM1,160.4 million this year over RM384.7 million last year.

The Board of Directors of YTL Power declared an interim dividend of 3.5 sen per ordinary share, bringing the total dividend for the 2023 financial year to 6.0 sen per ordinary share. The book closure and payment dates for the interim dividend are 10 November 2023 and 29 November 2023, respectively.

Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “The significant improvement in our performance was driven primarily by higher retail and pool prices in our power generation business. With about 97% of the YTL Power Group’s revenue being generated from overseas businesses, the results were also bolstered by forex gains for the 12 months under review”.

EBITDA (earnings before interest, tax, depreciation and amortisation) for the 12 months ended 30 June 2023 showed robust growth, increasing 37% to RM5.3 billion, compared to RM3.9 billion last year.

Comparison with Preceding Corresponding Quarter/Year

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