Tenaga Nasional Bhd (TNB) has posted a net profit of RM706mil for its fiscal 1st half to end-February, down 47% from RM1.3bil in the same period a year earlier. However, revenue came in higher at RM8bil compared with RM7.5bil previously.
The year-on-year fall in net profit was largely due to a foreign exchange loss of RM313mil in the 2nd quarter which wiped out the 1st quarter's forex gain.
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