According to Malakoff, the decline was mainly due to lower contributions from Tanjung Bin Power Sdn Bhd (TBP) (pic) and Tanjung Bin Energy Sdn Bhd coal plants, following the decline in applicable coal price as well as TBP’s lower daily utilisation payment in line with the scheduled reduction in tariff effective Sept 28,2019.
PETALING JAYA: Malakoff Corp Bhd registered a 46.2% decline in net profit to RM50.8mil in the third quarter ended Sept 30,2020, as compared to RM94.5mil in the corresponding quarter last year.
According to Malakoff, the decline was mainly due to lower contributions from Tanjung Bin Power Sdn Bhd (TBP) and Tanjung Bin Energy Sdn Bhd coal plants, following the decline in applicable coal price as well as TBP’s lower daily utilisation payment in line with the scheduled reduction in tariff effective Sept 28,2019.
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