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.

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