The diversified group said the utilities segment, which remained its largest operating segment, recorded an 18.7% fall in profit before tax year-on-year to RM731.42 million, while all the other segments saw an improvement in the bottom line.

Group revenue, meanwhile, rose 7% to RM8.06 billion from RM7.53 billion, it said in a filing with Bursa Malaysia today.

For the cumulative six-month performance, net profit fell 17.7% to RM913.72 million from RM1.11 billion, although revenue grew 5.2% to RM15.83 billion from RM15.05 billion.

Meanwhile, multi-utility owner and operator YTL Power International Bhd announced that its net profit fell 9.2% to RM767.69 million for Q2 ended Dec 31, 2024, from RM845.12 million a year earlier.

However, revenue improved 5.8% to RM5.68 billion from RM5.37 billion a year earlier, it said in a filing with the stock exchange.

For the cumulative six-month performance, net profit dropped 26.6% to RM1.24 billion from RM1.69 billion, while revenue increased 5% to RM11.36 billion from RM10.82 billion.

Both YTL Corp and YTL Power said they anticipate continued resilience across their business segments due to the essential nature of their operations, and will closely monitor the related risks and potential impact.