Steady Growth in TNB’s Performance Ahead of Industry Reforms

30/08/2019

Tenaga Nasional Berhad (TNB) today announced a 5.4 per cent increase in Group revenue to RM26.12 billion for the first half of financial year ended 30th June 2019 (1HFY2019), compared with RM24.77 billion in the same period last year.

The higher revenue was mainly attributed to the increase in the group’s sales of electricity of 5.6 per cent from RM23.27 billion in the corresponding period a year ago to RM24.58 billion. In terms of GWh, electricity sales grew by 5.1 per cent to 61,882 GWh in 1HFY2019 in tandem with the 4.5 per cent and 4.9 percent growth in Malaysia’s Gross Domestic Product (GDP) in the first and second quarter of the year respectively, as well as hot weather during the period. Peninsular Malaysia recorded an all-time high peak demand of 18,566 MW on April 18, 2019.