YTL Power Says Unable To Quantify Brexit

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PETALING JAYA, Jun 29 – YTL Power International Bhd, which is involved in the water industry in the UK, is unable to quantify the effect of Brexit on its business operations for the time being. In response to a verbal query from Bursa Malaysia, the group said the impact is still unknown given that events are still developing with no official indication from the UK government on future steps to be taken.

In additional, YTL Power’s major operations in the UK comprise its 100% stake in Wessex Water Ltd, which also provides the  water and sewerage services in the Southwest region of England under a regulatory concession granted by the UK government. 

It noted that due to the regulated nature of the business and the geographic concentration of its operations within the UK, Wessex Water is not expected to be materially affected by the outcome of the Brexit referendum. However, YTL Power said it is monitoring events and conducting ongoing assessments of any operational and financial impacts, and will make further announcements in due course, where warranted.

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