PETALING JAYA: Malakoff Corp Bhd registered a net profit of RM94.49mil for the third quarter ended Sept 30, 2019, a 13.17% increase from the RM83.49mil achieved in the same period a year ago.
The independent power producer said this came after improved contribution from its Tanjung Bin Energy Sdn Bhd (TBE) coal plant and gain on remeasurement of existing investment in Shuaibah water and power assets following completion of the acquisition of Khazanah Nasional Bhd’s equity interest in Desaru Investment Ltd.
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