Malakoff managing director and CEO Anwar Syahrin Abdul Ajib (pic) said he is confident of the group’s growth in the renewable energy (RE) and environmental services segments while maintaining the operational efficiency of its power plants.
KUALA LUMPUR: Malakoff Corp Bhd posted a 12.1% hike year-on-year in net profit to RM117.7mil for its second quarter ended June 30, 2021.
This was mainly due to higher contributions from Tanjung Bin Power Sdn Bhd (TBP) and Tanjung Bin Energy Sdn Bhd (TBE) on the back of higher applicable coal price (ACP), higher capacity income from improvements in plant availability, improved earnings from Alam Flora Sdn Bhd and better profits from foreign associates.
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