YTL Power to gain from higher income

YTL Power expects earnings sustainability for the next three years following a record profit of RM477.8mil in its third quarter.

PETALING JAYA: YTL Power International Bhd is set to get a boost from improved income and cost measures at its various regulated and unregulated assets, say analysts.

YTL Power’s management told analysts in a briefing last week that the company expects earnings sustainability for the next three years following a record high quarterly profit of RM477.8mil in its third quarter ended March 31, 2023 (3Q23), driven by contribution from its power business – PowerSeraya in Singapore.