Latest news with #RM489.41
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
YTL Corp 3Q net profit falls 15.5% on weaker power division, boosted by cement segment
YTL Corp Bhd reported a 15.5% decline in net profit to RM419.38 million for the third quarter ended March 31, 2025 (3Q25), primarily due to weaker results from its utilities segment via YTL Power International. YTL Power's net profit dropped 30% to RM489.41 million, impacted by lower power prices and a stronger ringgit. However, this was partly offset by a strong performance from its cement segment, Malayan Cement, which saw an 80.6% profit surge to RM182.84 million, driven by operational efficiencies and acquisition gains. Revenue for the quarter edged up 1.5% to RM7.32 billion. For the first nine months of FY2025, net profit fell 17.1% to RM1.33 billion while revenue rose 4% to RM23.15 billion. The group expects stable performance from its cement and utilities segments moving forward. –TMR
New Straits Times
22-05-2025
- Business
- New Straits Times
YTL Power posts lower 3Q net profit of RM489.41mil
KUALA LUMPUR: YTL Power International Bhd recorded a lower net profit of RM489.41 million for the third quarter ended March 31, 2025, from RM698.68 million in the same quarter last year, mainly due to weaker power generation margins and foreign exchange losses. Revenue was down to RM4.89 billion from RM5.16 billion previously. Despite this, YTL Power's water and sewerage segment posted improved earnings driven by regulated price increases in the United Kingdom and easing inflationary pressures on index-linked bonds. "Revenue from the telecommunications segment also rose to RM264.24 million from RM96.76 million a year ago," it said in a filing with Bursa Malaysia. For the nine-month performance, the group posted lower net profit of RM1.73 billion from RM2.39 billion previously, however, revenue improved to RM16.25 billion from RM15.98 billion. The group expects the performance of its business segments to remain resilient due to the essential nature of its operations, and will continue to closely monitor the related risks and impact on all business segments -- BERNAMA
