PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to announce tomorrow weaker earnings for the three months ended May 31 due to higher coal cost and capacity payment.
In a results preview report, HwangDBS Vickers Research said although it expected TNB to report lower earnings, the utility was on track to meet the research house’s core net profit of RM3.5bil, given the strong power demand growth of 7.7% in the first half.
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