YTL Power posts lower 2Q profit as power generation business hit by lower prices, stronger ringgit
By Syafiqah Salim
Reported a 9.16% fall in net profit to RM767.69 million for its second financial quarter ended Dec 31, 2024 (2QFY2025), from RM845.12 million a year earlier, mainly due to lower contributions from its power generation division.
The power generation segment’s profit before taxation dropped 29.4% year-on-year to RM729.82 million, impacted by lower pool and retail prices, as well as the strengthening of the ringgit against the Singapore dollar. This is on the back of a 12.6% drop in revenue to RM3.28 billion.
Source: theedgemalaysia.com
https://theedgemalaysia.com/node/745251
