TNB posts 3Q net profit of RM1.01bil

KUALA LUMPUR: Tenaga Nasional Bhd's (TNB) net profit for the third quarter ended Sept 30, 2020 came to RM1.01bil, a 16.07% drop from RM1.2bil in the previous corresponding quarter due to higher finance cost, which was cushioned by forex gain and a non-cash fair value gain.

Revenue for the quarter was 12.1% lower year-on-year at RM11.11bil.