Improved Revenue Amidst Challenges in Global Business Environment
6 months ended 28th February 2017 (1st Half FY2017)
- Revenue improved by 5.8% at RM22.40 billion, driven by 2.3% unit electricity demand growth in Peninsular Malaysia
- Investment in capital expenditure (capex) of RM4.81 billion
- Adjusted Profit After Tax declined by 5.2% to RM2.91 billion, mainly from increased provision on electricity debtors
Kuala Lumpur, 27th April 2017 – Tenaga Nasional Berhad (TNB) today announced Profit After Tax of RM3.23 billion for 1st Half of the Financial Year ending 31st August 2017 (1HFY2017), as compared to RM3.28 billion reported for the corresponding period last year.
Group revenue registered an improvement by 5.8% at RM22.40 billion, driven primarily by 2.3% unit electricity demand growth in Peninsular Malaysia. The Group continues to heavily invest in the Malaysian electricity supply industry with capital expenditure (capex) for 1HFY2017 being recorded at RM4.81 billion.
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