YTL Corporation Berhad’s revenue climbed by 39.2% to RM18 billion (US$4,120.0 mn) for the 9 months ended 31 March 2022 as compared to RM12.99 billion (US$2,959.1 mn) for the previous corresponding 9 months ended 31 March 2021.
Profit before tax increased significantly by 162.1% to RM1.38 billion (US$315.5 mn) for the current period under review compared to RM528.4 million (US$120.4 mn) for the same period last year, with profit after tax growing 370.1% to RM1,070.0 million (US$243.7 mn) this year over RM227.6 million (US$51.8 mn) last year.
YTL Corp Executive Chairman, Tan Sri (Sir) Francis Yeoh Sock Ping, said, “The Group saw significantly better results for the 9 months ended 31 March 2022, with the essential services provided by our cornerstone utilities segment remaining foundational to the success of our Group.
“Our construction and cement segments continued to rally in line with the phased reopening of economic sectors as the country moves towards endemic management of the pandemic, which has seen more favourable demand on the back of the revival and acceleration of major infrastructure and affordable housing projects.
“The property segment recorded better performance due to better sales and a higher share of profits from the Group’s investment in Starhill Global REIT in Singapore, whilst our hotel’s division continued to improve following the easing of movement restrictions in the UK and Malaysia.
Meanwhile, EBITDA for the group remained strong, registering a 26% increase to RM3.9 billion (US$890.5 mn) for the current period compared to RM3.1 billion (US$704.0 mn) for the same period last year.
YTL Power’s revenue increased 71.7% to RM13,318.1 million (US$3,033.7 mn) for the 9 months ended 31 March 2022 compared to RM7,755.9 million (US$1,766.7 mn) for the previous corresponding 9 months ended 31 March 2021.
Profit before tax increased 150.7% to RM1,213.6 million (US$276.4 mn) for the period under review compared to RM484.0 million (US$110.3 mn) for the same period last year, whilst profit after tax grew 194.3% to RM1,070.0 million (US$243.7 mn) this year over RM363.6 million (US$82.8 mn) last year.
The Group’s EBITDA increased by 34.3% to RM2.8 billion (US$645.6 mn) for the current period compared to RM2.1 billion (US$480.8 mn) for the same period last year.
The Board of Directors of YTL Power declared an interim cash dividend of 2 sen per ordinary share, the book closure and payment dates for which are 13 June 2022 and 29 June 2022, respectively.
Tan Sri Francis Yeoh said, “Performance improved significantly for the period under review with higher revenue from the merchant multi-utilities business in Singapore and the water and sewerage segment in the United Kingdom, whilst profit before tax was bolstered by the disposal of the Group’s investment in ElectraNet in Australia, completed in March 2022.
