Things looking up for Malakoff

“We gather the better margin was due to better fuel margin and higher capacity income from Tanjung Bin power unscheduled outage rate reset to zero,” it said in a report yesterday. (File pic shows a section of Malakoff's Tanjong Bin coal fired power station.)

PETALING JAYA: Malakoff Corp Bhd could see better earnings growth in the coming quarters, driven mainly by stable operations at its Tanjung Bin power plant and higher contribution from Alam Flora.

For the first half of the financial year ending Dec 31, 2021 (FY21), the independent power producer’s earnings exceeded consensus estimate despite lower energy payments recorded from Segari Energy Ventures Sdn Bhd and Prai Power Sdn Bhd.