YTL Power posts lower 3Q net profit of RM489.41mil
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
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