TNB 2Q net profit quadruples


TNB is riding strong on a surge in power demand from industries, especially mushrooming data centres.

PETALING JAYA: Tenaga Nasional Bhd (TNB) reported its strongest quarterly net profit in more than five years as it sold more electricity to meet the increased demand from industries and households.

Net profit more than quadrupled to RM1.44bil in the second quarter ended June 30, 2024 (2Q24), as compared to RM327.9mil in the previous corresponding quarter.

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