$YTLPOWR (6742.MY)$
The financial report analysis is as follows:
1. Income and Profit Performance
Income: As of September 30, 2024, YTL Electrical Utilities' quarterly revenue was 5.68 billion ringgit, an increase of 4.4% year-on-year.
Electrical utilities revenue decreased by 13.9%, mainly due to lower market prices.
Water affairs business revenue surged by 43.1%, reflecting price adjustments and additional revenue sources allowed by UK regulatory institutions.
Telecom business and investment holding activities increased by 26.8% and 77.1% respectively.
Profit: Quarterly pre-tax profit was 0.665 billion ringgit, a 35.6% year-on-year decrease.
Electricity business contribution decreased by 27.2%, reflecting the decrease in retail and market prices.
Water affairs business achieved positive growth, attributed to price increases and new projects.
Telecom business reduced losses by 65.6%, mainly due to increased project revenue.
Investment holding losses widened due to the increase in foreign exchange losses related to the Jordan project.
2. Comprehensive income
Net income: The net income attributable to equity holders is 0.471 billion ringgit, a decrease of 44.5% year-on-year.
Other comprehensive income: The company incurred a net loss of 1.96 billion ringgit on foreign exchange and cash flow hedge projects, resulting in a total comprehensive income of -1.45 billion ringgit.
3. Financial Condition
Assets: Total assets are 63.9 billion ringgit, a decrease of 4.2% compared to June 2024. The decrease is mainly due to the decline in fixed assets and accounts receivable.
Liabilities: Total liabilities are 45.5 billion ringgit, slightly decreased, mainly due to the repayment of some short-term debts...