YTL Power Records 4th Quarter Revenue of RM3.1 Billion (US$730 Million) & Profit Before Tax of RM247 Million (US$59 Million)
Interim Dividend of 5.0 Sen per Share Declared

Kuala Lumpur, August 29, 2019

YTL Power International Berhad recorded higher revenue of RM3,058.7 million (US$730.0 mn) for the fourth quarter ended 30 June 2019, an increase of 9.0% compared to RM2,807.3 million (US$670.0 mn) for the preceding year corresponding quarter ended 30 June 2018. Profit before tax stood at RM246.6 million (US$58.9 mn) for the current quarter compared to RM282.2 million (US$67.4 mn) for the same quarter last year.

The Board of Directors of YTL Power declared an interim cash dividend of 5.0 sen per ordinary share for the financial year ended 30 June 2019, the book closure and payment dates for which are 29 October 2019 and 13 November 2019, respectively. The interim dividend represents a yield of approximately 7% based on the 5-day average share price of RM0.71 per share.

Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, Executive Chairman of YTL Power, said, “YTL Power’s performance remained satisfactory for quarter under review, with the power generation, merchant multi-utilities and mobile broadband network divisions contributing to the increase in revenue. The contracted power generation division registered lower profit before tax owing mainly to an allowance for an impairment relating to the power station whilst the multi-utilities business registered higher revenue primarily from higher electricity sales, but a loss before tax resulting from lower vesting contract levels, lower margins on indexed contracts and higher finance and operating costs, partially offset by lower depreciation charges.

“Meanwhile, lower profit before tax in the water and sewerage segment was the result of the absence of a one-off pension credit recognised last year, moderated by lower operating costs and depreciation charges in the current quarter.

“The mobile broadband network division registered higher revenue and profit before tax due to an increase in project revenue, whist the investment holding activities segment also recorded higher profit before tax arising from a fair value gain on investments, derivatives and investment properties and lower operating costs, partially offset by a lower share of profits from associates.”

For the cumulative 12 months ended 30 June 2019, YTL Power recorded a 10.1% increase in revenue to RM11,677.1 million (US$2,786.9 mn) compared to RM10,606.0 million (US$2,531.3 mn) for preceding corresponding 12 months ended 30 June 2018. Profit before tax stood at RM733.7 million (US$175.1 mn) this year compared to RM940.6 million (US$224.5 mn) for the same period last year.