YTL Corporation Berhad’s revenue grew by 40% to RM24.1 billion (US$5,405.2 mn) for the financial year ended 30 June 2022 compared to RM17.2 billion (US$3,863.6 mn) for the previous year. Profit before tax increased 147% to RM1.55 billion (US$348.7 mn) for the 12 months under review compared to RM631.8 million (US$141.3 mn) for the 12 months ended 30 June 2021, whilst profit after tax surged 459% to RM1.17 billion (US$262.6 mn) for the year under review compared to a loss after tax of RM327.4 million (US$73.2 mn) last year.
The Board declared an interim cash dividend of 3.0 sen per ordinary share, the book closure and payment dates for which are 11 November 2022 and 29 November 2022, respectively.
YTL Corp Executive Chairman, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, “The Group registered markedly improved results this financial year, recording revenue of RM24.2 billion and profit after tax of RM1.2 billion, owing mainly to our key utilities and cement businesses.
“Our construction division saw better performance, recovering from pandemic restrictions at the start of the financial year, supported by the revival and acceleration of infrastructure, housing, and commercial projects. Meanwhile, improved results in the property segment were due mainly to higher sales, whilst our hotel’s division continued to see better results following the gradual recovery of the tourism and hospitality sectors as the year progressed.
He added EBITDA grew 23% to RM5.0 billion (US$1.1 bn) for the current year, compared to RM4.1 billion (US$0.9 bn) last year.”
