TNB likely to face a year of decreased earnings on higher operating expenses

PETALING JAYA: Tenaga Nasional Bhd (TNB) could face a year of decreased earnings after its core net profits dipped 3% year-on-year to RM1.97bil due to higher operating expenses.

This is despite making a positive start to the year with revenue for the first quarter of financial year 2017 (Q1 FY17) increasing by 5% year-on-year (y-o-y) to RM11.2bil.