YTL Corp sees seven-fold profit surge in 1Q24

Tan Sri Francis Yeoh Sock Ping

KUALA LUMPUR: YTL Corp Bhd reported a 16% year-on-year (y-o-y) increase in revenue to RM7.52bil in the first quarter ended Sept 30, driven by improved performance across almost all business segments.

The conglomerate’s profit after tax (PAT) in the first quarter jumped by more than seven-fold to RM940.2mil as compared to RM123.6mil a year earlier.