Independent power producer Malakoff Corporation Bhd 3Q 2019 earnings were boosted by Tanjung Bin Energy Sdn. Bhd (TBE) coal plant.
KUALA LUMPUR: Independent power producer Malakoff Corporation Bhd
posted higher net profit of RM94.49mil in the third quarter ended Sept 30,2019, boosted by Tanjung Bin Energy Sdn. Bhd (TBE) coal plant.
It announced on Wednesday that net profit was up 13% from RM83.49mil a year ago also due to a gain on remeasurement of existing investment in Shuaibah following completion of the acquisition of Khazanah Nasional Bhd’s equity interest in Desaru Investment (Cayman Islands) Ltd for US$70mil.
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