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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tenaga Nasional , TNB , electricity

Next In Business News
TM Nxera partners with TNB to secure 280MW for data centre campus
Favelle Favco acquires France-based Seram Industries SAS
Ringgit ends firmer as concerns over Fed independence weigh on US dollar
HE Group wins power distribution system contract
Awanbiru appoints Azizah Ali as its group CEO
MN Holdings proposes transfer to the Main Market of Bursa Securities
Vantris Energy divests stake in L&T-Sapura Shipping for 124mil
Sunway launches RM11bil take-over of IJM Corp at RM3.15 a share
FBM KLCI hits six-year high, extends rally on stronger risk appetite
Singapore defends GIC, Temasek returns as reasonable

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.