YTL Corporation Berhad’s revenue increased by 10% to RM13,081.2 million (US$2,979.8 mn) for the 6 months ended 31 December 2022 compared to RM11,916.3 million (US$2,714.4 mn) for the previous corresponding 6 months ended 31 December 2021.
Profit before tax increased by 5% to RM490.6 million (US$111.7 mn) for the 6 months under review compared to RM467.3 million (US$106.5 mn) for the same period last year, whilst profit after tax jumped 33% to RM320.3 million (US$73.0 mn) this year compared to RM241.3 million (US$55.0 mn) last year.
Executive Chairman, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, “The Group registered a solid set of results in the second quarter of 2023, mainly contributed by our utilities and hotels segments, with the cement division also performing steadily. The utilities segment saw ongoing stable performance from its core businesses. Meanwhile, our hotels division has continued to register significantly better results following the easing of pandemic restrictions and increasing return to normalcy in the global tourism industry.
“The Group’s EBITDA (earnings before interest, tax, depreciation and amortisation) continued to strengthen, with a 14% increase to RM2.48 billion for the half-year under review, compared to RM2.18 billion for the same period last year.”
YTL Power’s Half-Year Revenue Grows 10% to RM9.4 Billion & Profit Surges 284% to RM358 Million while profit after tax surged 284% to RM358.3 million. Revenue increased 10% to RM9,447.2 million for the half-year under review over RM8,620.7 million for the same period last year.
Malayan Cement’s revenue increased 59% to RM1,755.8 million compared to RM1,105.6 million for the previous corresponding 6 months. Profit before tax stood at RM28.4 million
YTL Hospitality REIT’s Half-Year Revenue Increases 35% to RM242 Million & Distributable Income increases 62% to RM58 Million.
