YTL Corp Group’s Full-Year Profit After Tax Leaps 42% to RM2.1 Billion (US$442 Million)
Kuala Lumpur, Thursday 24 August 2023
YTL Corporation Berhad’s revenue increased by 22% to RM29,508.2 million (US$6,359.5 mn) for the 12 months ended 30 June 2023 compared to RM24,241.5 million (US$5,224.5 mn) for the 12 months ended 30 June 2022. Profit before tax leapt 47% to RM2,667.6 million (US$574.9 mn) this year compared to RM1,818.4 million (US$391.9 mn) last year, whilst profit after tax grew 42% to RM2,051.5 million (US$442.1 mn) for the 12 months under review over RM1,449.4 million (US$312.4 mn) last year.
For the current quarter, revenue grew 48% to RM9,097.9 million (US$1,960.8 mn) for the 3 months ended 30 June 2023 compared to RM6,154.6 million (US$1,326.4 mn) for the previous corresponding quarter ended 30 June 2022. Profit before tax surged 214% to RM1,361.3 million (US$293.4 mn) for the 3 months under review, compared to RM433.4 million (RM93.4 mn) for the same period last year, with profit after tax rising 183% to RM1,071.9 million (US$231.0 mn) for the 3 months under review over RM379.4 million (US$81.8 mn) last year.
The Board of Directors of YTL Corp declared an interim dividend of 4.0 sen per ordinary share, the book closure and payment dates for which are 10 November 2023 and 29 November 2023, respectively.
Executive Chairman, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, “The Group achieved outstanding results in this financial year, with record-high revenue of RM29.5 billion and profit before tax of RM2.7 billion. Our utilities segment accomplished excellent results driven mainly by the power generation division. The cement division also turned in better performance resulting from increased demand and better selling prices. Meanwhile, our hotels segment delivered significantly improved performance stemming from the recovery of the global tourism industry.
“The Group’s EBITDA (earnings before interest, tax, depreciation and amortisation) for the 12 months ended 30 June 2023 increased 31% to RM6.9 billion, compared to RM5.2 billion last year.”
Comparison with Preceding Corresponding Quarter/Year
| 3 months ended | 12 months ended | |||||
| 30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
|
| Revenue | 9,097.9 | 6,154.6 | +48 | 29,508.2 | 24,241.5 | +22 |
| Profit before tax | 1,361.3 | 433.4 | +214 | 2,667.6 | 1,818.4 | +47 |
| Profit after tax | 1,071.9 | 379.4 | +183 | 2,051.5 | 1,449.4 | +42 |
YTL POWER INTERNATIONAL BERHAD
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
YTL Power’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, 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
| 3 months ended | 12 months ended | |||||
| 30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
|
| Revenue | 7,087.8 | 4,536.6 | +56 | 21,892.5 | 17,804.7 | +23 |
| Profit before tax | 1,352.0 | 428.4 | +216 | 2,443.2 | 1,642.0 | +49 |
| Profit after tax | 1,160.4 | 384.7 | +202 | 2,026.4 | 1,454.7 | +39 |
MALAYAN CEMENT BERHAD
Malayan Cement’s Full-Year Profit Before Tax Improves 96% to RM253 Million
Interim Dividend of 6.0 Sen per Share Declared
Malayan Cement’s revenue increased 39% to RM3,757.0 million for the 12 months ended 30 June 2023 compared to RM2,705.3 million for the 12 months ended 30 June 2022. Profit before tax improved 96% to RM253.1 million for the 12 months under review compared to RM129.2 million last year, whilst profit after tax increased 94% to RM159.2 million this year over RM82.1 million last year.
For the current quarter, revenue grew 26% to RM1,010.5 million for the 3 months ended 30 June 2023 compared to RM804.8 million for the previous corresponding quarter ended 30 June 2022. Profit before tax increased 127% to RM126.0 million for the current quarter compared to RM55.6 million for the same quarter last year, whilst profit after tax grew 136% to RM79.7 million this year over RM33.8 million last year.
The Board of Directors of Malayan Cement declared an interim dividend of 6.0 sen per ordinary share, the book closure and payment dates for which are 2 November 2023 and 21 November 2023, respectively.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Malayan Cement, said, “Malayan Cement achieved a stellar set of results for the 2023 financial year, enabling us to once again reward shareholders with dividends. The robust performance was driven by the full consolidation of the new cement and ready-mixed concrete businesses acquired in September 2021 as well as the higher sales volume and selling price of domestic cement and ready-mixed concrete”.
EBITDA (earnings before interest, tax, depreciation and amortisation) grew 41% to RM718.8 million for the 12 months ended 30 June 2023, compared to RM511.4 million for the 12 months ended 30 June 2022.
Comparison with Preceding Corresponding Quarter/Year
| 3 months ended | 12 months ended | |||||
| 30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
30.06.2023 RM million |
30.06.2022 RM million |
Variance % |
|
| Revenue | 1,010.5 | 804.8 | +26 | 3,757.0 | 2,705.3 | +39 |
| Profit before tax | 126.0 | 55.6 | +127 | 253.1 | 129.2 | +96 |
| Profit after tax | 79.7 | 33.8 | +136 | 159.2 | 82.1 | +94 |
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