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Corporate News

TNB sees the light in 2024

By ELIM POON
TNB said that it reported a fair performance mainly underpinned by electricity demand growth of 3.8%.

PETALING JAYA: Tenaga Nasional Bhd (TNB) is expecting a reasonable performance in 2024, as it sought to calm shareholders after it reported its poorest bottomline in six years.

The electricity provider’s net profit tumbled by 20% in the financial year ended Dec 31, 2023 (FY23) due to negative fuel margins and impairment on intangible assets.

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TNB , NetProfit , Revenue , EnergyTransition , RenewableEnergy , GreenInvestment , ElectricityDemand , RP4 , NationalEnergyPolicy , EVAdoption , Dividend

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