TNB Registers Higher Revenue and ProfitsPrint this page
Date: 15 July 2010
Kuala Lumpur, 14 July 2010 - Tenaga Nasional Berhad (TNB) today announced a net profit before FOREX translation of RM2,145.4 million for the 9-month period of FY2010 compared to RM1,687.1 million in FY2009 principally due to stronger demand growth.
For the 3-month period ended 31 May 2010 (3rd Quarter FY2010) the Group reported net profit before FOREX translation of RM538.0 million compared to RM855.7 million reported for the 2nd Quarter FY2010; the lower profits resulted from the higher cost of generation from coal to meet rising demand.
Summary of Highlights:
9-month period ended 31 May FY2010
- Net profit before FOREX translation of RM2,145.4 million
- 5.3% increase in Group Revenue against a 3.5% increase in Operating Expenses
- Electricity demand growth in Peninsula increased by 9.9%
- EBITDA margin at 28.2% compared to 26.1% for the corresponding period in FY2009
- FOREX translation gain of RM668.1 million
3-month period (3rd Quarter)
- Net profit before FOREX translation of RM538.0 million
- 4.5% increase in Group Revenue compared to 2nd Quarter FY2010 whilst Operating Expenses increased by 12.3%
- EBITDA margin at 23.3% compared to 32.1% for 2nd Quarter FY2010
- FOREX translation gain of RM569.1 million
With the improving economic environment, TNB's prospects for FY2010 seem encouraging. The Group continues to record strong recovery in demand for the industrial and commercial sectors. Other sectors are also showing continued trends of improvement in demand. However, the Group remains cautious of the challenges posed by the uncertainties in foreign exchange rate for US Dollar and Japanese Yen, and increases in fuel price due to expected increase in coal prices.
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