KUALA LUMPUR: YTL Power International Bhd recorded a lower net profit of RM519.64 million in the third quarter (3Q) ended March 31, 2023 from RM1.01 billion in the same period a year ago.

The lower earnings were mainly due to the absence of a net gain on the disposal of the investment in Australia's ElectraNet Pty Ltd and lower revenue in other segments.

Revenue, however, rose to RM5.36 billion from RM4.65 billion previously, the company said in a filing with Bursa Malaysia today.

YTL Power has declared a second interim dividend of 2.5 sen per share for financial year 2023, to be paid on June 28, 2023.

On prospects, the group expects the performance of its business segments to remain resilient due to the essential nature of its operations and will continue to closely monitor the related risks and impact on all its business segments.