TNB Records Net Loss of RM440.2 Million in 3rd Quarter FY2011 Due to Severe Gas Curtailment

21/07/2011

Kuala Lumpur, 21 July 2011 - Tenaga Nasional Berhad (TNB) today announced a net loss of RM440.2 million for the 3 months period ended 31st May 2011 (3rd Quarter FY2011).

For the 9 months period of FY2011, the Group reported a net profit of RM903.0 million, a reduction of 67.9% as compared to the corresponding period in FY2010, principally from higher generation costs incurred in the 3rd Quarter FY2011.

Summary of highlights:

3 months ended 31st May FY2011 (3rd Quarter)

 
• Net loss of RM440.2 million
 
• 3.5% increase in Group revenue compared to 2nd Quarter 2011 against 19.1% increase in operating expenses
 
• Additional fuel cost of RM1.3 billion from oil and distillate
 
• EBITDA margin at 6.6% compared to 21.1% reported for the previous quarter

9 months FY2011

 
• Net profit of RM903.0 million
 
• 2.4% increase in Group revenue against 14.6% increase in operating expenses
 
• 22.3% increase in total fuel costs
 
• EBITDA margin at 18.7% compared to 28.2% reported for the corresponding period in FY2010
 
• 2.8% unit electricity demand growth in Peninsular Malaysia

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