Sustained Performance From Steady Demand Driven By Strong Private Consumption
Kuala Lumpur, 18 April 2013 - Tenaga Nasional Berhad (TNB) had announced a Net Profit Attributable to Shareholders of RM1.27 billion for the 2ndQuarter of the Financial Year ending 31st August 2013 (FY2013). The positive results in TNB’s Group was principally attributed to steady demand and the strengthening of the Ringgit against Yen. However, after adjusting for foreign exchange translation gain, the Net Profit before Forex Translation was reported at RM883.5 million. The 2QFY2013 financial performance was sustained with stable generation costs whereby during the quarter, the average coal price was recorded at USD84.7/mt as compared USD84.4/mt recorded during the 1QFY2013. Comparing the Group’s performance for the first six months period of FY2013 against the corresponding period in FY2012, revenue increased by 3.8% from RM17,322.6 million in 1HFY2012 to RM17,981.0 million for the current period. This is in line with the increase in demand of 4.6% in Peninsular Malaysia. However, operating expenses decreased by 5.4% mainly benefitted by lower average coal price. For more details, please click here.