KUALA LUMPUR: YTL Corporation Berhad recorded revenue of RM7.772 billion for the three months ended Sept 30, 2024, a decline from RM8.232 billion in the preceding quarter.
The group's pre-tax profit stood at RM899.2 million for the period, down from RM1.26 billion in the previous quarter.
Despite lower revenue and earnings, YTL Corp's executive chairman Tan Sri (Sir) Francis Yeoh Sock Ping described the results for the first quarter of the 2025 financial year as strong, with stable or improved revenue across most divisions.
"Operating profit remained healthy, registering a 12 per cent increase for the current quarter under review over the preceding quarter, after excluding non-cash unrealised foreign exchange losses of RM289.5 million for the current quarter and the one-off fair value gain of RM203.5 million due to the acquisition of shares in Ranhill recognised in the preceding quarter," he said in a statement.
EBITDA (earnings before interest, tax, depreciation, and amortisation) for the three months ended Sept 30, 2024, remained strong at RM2.1 billion, compared to RM2.4 billion in the same period last year.
The group remains focused on operational efficiency and market-driven strategies to sustain growth across its divisions, positioning the group for continued resilience amid dynamic market conditions.
YTL Power Bhd posted a revenue of RM5.68 billion for Q1 FY2025, compared to RM6.3 billion in the preceding quarter. Pre-tax profit came in at RM664.8 million, down from RM1.14 billion in the previous quarter.
"Operating profit increased 2.0 per cent this quarter compared to the preceding quarter, after adjusting for non-cash items comprising the current quarter's unrealised foreign exchange losses of RM293.3 million and the one-off fair value gain of RM203.5 million arising from the acquisition of shares in Ranhill recognised during the preceding quarter," Yeoh said.
Meanwhile, Malayan Cement Bhd reported a 2.0 per cent increase in revenue to RM1.17 billion for the three months ended Sept 30, 2024 compared to RM1.15 billion for the previous corresponding three months ended Sept 30, 2023.
Net profit rose 45 per cent to RM139.6 million in the quarter under review.
"Revenue for the current quarter was comparable to the corresponding quarter last year, with the ready-mixed concrete segment contributing a higher share of revenue mainly due to increased demand for high grade ready-mixed concrete and bespoke products. The increase in profit before tax was mainly the result of ongoing improvements in operational efficiencies and lower production costs," Yeoh said.
Malayan Cement's EBITDA surged 17 per cent to RM339.2 million for the three months ended Sept 30, 2024, compared to RM291.2 million for the previous corresponding three months ended Sept 30, 2023.