Malakoff managing director chief executive officer Anwar Syahrin Abdul Ajib
KUALA LUMPUR: Malakoff Corp Bhd’s net profit fell 15.8% to RM50.9mil in the first quarter ended March 31, from RM60.4mil a year ago.
The lower net profit was mainly due to lower contribution from Tanjung Bin Energy Sdn Bhd (TBE) resulting from the plant outage caused by low-pressure turbine blade failure, coupled with higher depreciation charges.
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