TNB Q1 net profit up 34.4% to RM2.352bil

KUALA LUMPUR: Tenaga Nasional Bhd’s net profit for the first quarter ended Nov 30, 2014, rose 34.4% to RM2.352bil from RM1.75bil a year ago, thanks to the increase in tariff and sales in the Peninsula and Sabah.

Sales in the Peninsula grew 3.3%, while in Sabah it was 2.4%, which was an additional boost to TNB given the tariff hike in January 2014 of 14.9% and 16.9% respectively.