YTL Corp posts 18-fold increase in 3Q earnings

Executive chairman Tan Sri Francis Yeoh Sock Ping said the group saw significantly better results for the nine months ended March 31, 2022, with the essential services provided by its cornerstone utilities segment remaining foundational to the success of the group.

PETALING JAYA: YTL Corp Bhd reported an over 18-fold increase in net profit for the third quarter ended March 31 at RM414.61mil compared with RM22.43mil a year ago.

The conglomerate posted a pre-tax profit of RM917.62mil, representing an increase of RM723mil, or 371.4% as compared to a profit of RM194.7mil recorded in the preceding year’s corresponding quarter.