YTL Corp 3Q net profit falls 15.5% on weaker power division, boosted by cement segment
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
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