Workers checking TNB's main distribution sub-station in Bayan Lepas. TNB is scheduled to release its fourth-quarter 2014 financial results on Thursday.
PETALING JAYA: Tenaga Nasional Bhd
(TNB) is expected to register a strong finish for its financial year ended Aug 31, 2014 (FY14), with its fourth-quarter earnings projected to rise significantly on an annual basis due to lower electricity-generation costs.
According to the consensus estimates of analysts surveyed by Bloomberg, the national utility company will likely see its fourth-quarter earnings increase by more than five-fold to RM1.28bil from RM219.4mil in the corresponding quarter of last year. For the full year, TNB’s net profit is expected to have increased 12.7% to RM5.2bil from RM4.61bil in FY13.
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