TNB Q1 net profit rises to RM958.7mil


KUALA LUMPUR (Bernama) -- Tenaga Nasional Bhd (TNB) posted a higher net profit of RM958.7mil in the first quarter ended March 31, 2021 (Q1 2021) from RM717.9mil a year ago.

In a filing with Bursa Malaysia today, TNB said the increased net profit was due to a significant reduction in foreign currency translation loss of RM331.2mil and an increase in accounting gain on the fair value of financial instruments amounting to RM135.3mil.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

TNB

   

Next In Business News

Advancecon wins RM36mil Klang contract
D&O shining bright on rising use of LEDs in cars
JF Technology in China firm tie-up
Affin appoints Fairuz as new director
Sarawak mulls dedicated undersea cable projects
Sunway redeems sukuk in advance
Carlsberg gets licence for Sapporo
Ringgit ends lower against greenback on weaker yuan
A-Rank to focus on maintaining cost efficiency
IATA: Asia-Pacific airlines' air cargo volumes up by 7.6% in October

Others Also Read