Malakoff said the group was set to expand its waste management footprint by venturing into waste-to-energy (WTE), biogas and biomass power plants.
KUALA LUMPUR: Independent power producer Malakoff Bhd's net profit fell by 46.2% to RM50.80mil in the third quarter ended Sept 30 due to lower contributions from its coal plants and absence of one-off gains a year ago.
It announced on Tuesday its net profit fell from RM94.49mil a year ago. Its revenue fell by 20.2% to RM1.48bil from RM1.86bil a year ago. Earnings per share were 1.04 sen compared with 1.93 sen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
