Malakoff 1Q net profit dips 15.8% to RM50.9mil


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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Malakoff , Tanjung Bin , Coal , renewable energy

   

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