TNB Remained Resilient Amid Global Economic Challenges
Kuala Lumpur, 24th January 2017 – Tenaga Nasional Berhad (TNB) today announced Profit After Tax of RM1.79 billion for 1st Quarter of Financial Year ending 31st August 2017 (FY2017). The 8.9% reduction in profit was mainly due to the strengthening of the US Dollar against the Ringgit during the 3 months ended 30th November 2016 (1QFY2017). As a result, the Group recorded forex translation loss of RM0.23 billion as compared to RM0.06 billion recorded in corresponding period last year.
To better reflect the performance of the company, impacts of forex translation and reinvestment allowance incentive were removed. As a result, the Adjusted Profit After Tax for 1QFY2017 remained steady at RM1.69 billion as compared to RM1.63 billion recorded during the same period last year.
3 months ended 30th November 2016 (1st Quarter FY2017)
- Profit After Tax declined by 8.9% to RM1.79 billion, mainly from RM0.23 billion Forex Translation Loss
- Revenue improved by 5.3% at RM11.24 billion, driven by 3.6% unit electricity demand growth in Peninsular Malaysia
- Continued investment in capital expenditure (capex) of RM2.07 billion
For more detail: File
Untuk ketahui lebih lanjut: File