Lower Net Profit As Higher Fuel Costs Begin To Erode MarginsPrint this page
Date: 22 April 2011
21 April 2011 - Tenaga Nasional Berhad (TNB) announced a net profit of RM630.3 million for the 3-month period ended 28 February 2011 (2nd Quarter FY2011).
For the 6-month period of FY2011, the Group reported a net profit of RM1,343.2 million, a reduction of 21.3% compared to the corresponding period in FY2010, principally from higher operating expenses incurred in the 2nd Quarter 2011.
Summary of highlights:
3 months ended 28 February FY2011 (2nd Quarter)
- Net profit of RM630.3 million
- 2.9% decline in Group Revenue compared to 1st Quarter FY2011 against an 8.1% increase in Operating Expenses
- Average coal price of USD103.8/mt compared to USD95.8/mt during the 1st Quarter FY2011
- EBITDA margin at 21.1% compared 28.5% reported for the previous quarter
6 months FY2011
- Net profit of RM1,343.2 million
- 3.4% increase in Group Revenue against a 10.5% increase in Operating Expenses
- Average coal price of USD100.0/mt compared to USD80.9/mt in 1HFY2010
- 3.5% Unit electricity demand growth in Peninsular Malaysia
- EBITDA margin at 24.8% compared to 30.8% reported for the corresponding period in FY2010
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