TNB registered a revenue of RM26.12bil for the first half of FY19 (H1FY19), mainly attributed to the increase in the group’s sales of electricity of 5.6%.
PETALING JAYA: Tenaga Nasional Bhd
(TNB) posted a 9.8% year-on-year decline in net profit to RM1.12bil for the second quarter of the financial year ending Dec 31,2019 (FY19), bringing its net profit for the first half of the year to RM2.67bil.
The lower net profit for the first half of FY19 was due to regulatory adjustments and finance cost arising from Malaysian Financial Reporting Standards (MFRS) 16, which impacted the results by RM112.2mil.
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