Keeping A Watching Brief On Electricity Demand GrowthPrint this page
Date: 15 April 2009
3 months ended 28 February FY2009 (2nd Quarter) - Net profit of RM674.6 million - 6.9% decline in Group Revenue compared to 1st Quarter FY2009 whilst Operating Expenses decreased by 11.2% - EBITDA margin at 30.7% - Forex translation loss of RM97 million 6 months FY2009 - Net loss of RM269.5 million - 19.2% increase in Group Revenue against a 30.7% increase in Operating Expenses - (3.2%) unit electricity demand growth in Peninsula - Average Coal price of USD100.9/mt - EBITDA margin at 26.3% compared to 37.1% for the corresponding period in FY2008 - Economic loss of RM786.3 million Kuala Lumpur, 15 April 2009 - Tenaga Nasional Berhad (TNB) today announced a net profit of RM674.6 million for the 3 month period ended 28 February 2009 (2nd Quarter FY2009). The improvement in the Group's performance for the Quarter was principally attributed to a more stable coal prices incurred as well as from several cost control measures adopted. For the six month period of FY2009 however, the Group reported a net loss of RM269.5 million, principally from the higher operating expenses incurred in the 1st Quarter FY2009 as well as the impact of forex translation loss incurred of RM1,536.7 million from the weakening of Ringgit against the US Dollar and Japanese Yen.