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Article: Higher coal prices eat into TNB nine-month net profit
- Article from:
- New Straits Times
- Article date:
- July 23, 2009
- Author:
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Zuraimi Abdullah
New Straits Times
07-23-2009
Higher coal prices eat into TNB nine-month net profit
Byline: Zuraimi Abdullah
Edition: Main/Lifestyle
Section: Business Times
Type: Company
TENAGA Nasional Bhd posted one third drop in net profit before foreign exchange (forex) translation in the first nine months as it had to pay more for coal.
Net profit for the nine months to May 31 2009 was RM1.69 billion while revenue rose 18.4 per cent to RM21.32 billion, largely due to two tariff reviews in July 2008 and March this year.
However, this was partially offset by a 25.2 per cent rise in operating expenses from RM14.87 billion to RM18.62 billion in the three quarters under review.
Demand for ...
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