Malakoff’s FY20 net profit declines to RM286mil

In a filing with Bursa Malaysia yesterday, it said the lower revenue was primarily due to lower energy payment recorded from energy subsidiaries

KUALA LUMPUR: Malakoff Corporation Bhd’s net profit for the financial year ended Dec 31,2020, declined to RM286.58mil from RM320.15mil in the previous year.

Revenue slipped to RM6.28bil from RM7.42bil.