Ahmad Fuaad: We will continue to focus on improving the efficiency of our power plants.
KUALA LUMPUR: Independent power producer Malakoff Corporation Bhd
posted net profit of RM52.2mil in the second quarter ended June 30,2019, which was a a slight decline from the RM52.54mil a year ago.
It said its revenue fell by 6.6% to RM1.81bil from RM1.94bil, primarily due to lower energy payment recorded from Tanjung Bin Energy Sdn Bhd (TBE) coal plant following the plant’s 73-day scheduled maintenance outage and rectification undertaken from March 31 to June 12.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
