Malakoff posts 3Q net loss of RM109.42mil

Tanjung Bin Energy Power Plant

KUALA LUMPUR: Malakoff Corp Bhd reported a net loss of RM109.42 million in the third quarter ended Sept 30, 2023 (3Q FY2023) compared to a net profit of RM66.54 million a year ago, primarily due to fuel margin.

The company incurred a substantial negative fuel margin of RM149.4 million and RM33.0 million for Tanjung Bin Power Sdn Bhd (TBP) and Tanjung Bin Energy Sdn Bhd (TBE) coal plants, respectively.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Malakoff , Tanjung Bin Power , Tanjung Bin Energy

Next In Business News
Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.