Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Corporate News

TNB 2Q net profit quadruples

By GANESHWARAN KANA
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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
TNB , EnergyDemand , QuarterlyEarnings , ElectricitySales , Dividend , RevenueGrowth , DataCentres

Next In Business News
Asian shares tumble, oil rises as markets await AI sector results
Maybank inks five-year deal to expand regional resilience operations centre
Traders on Bursa opt for the sidelines
National Australia Bank to cut 2,500 jobs in cost overhaul as credit growth slows
No commitment for public funding support for AirAsia, Parliament told
Indonesia to exclude 80 highly concentrated stocks from benchmark index
Trading ideas: CAB, TNB, IHH, Duopharma, Zetrix, Mi, GDB, Jati, Cosmos, MMAG, LYC, MBSB, Toyo, Eonmetall, KIP REIT
US stocks rebound with AI earnings test ahead, euro falls on France unrest
Carney’s pipeline push unlikely to bring back oil field jobs boom
A niche growth opportunity

Trending in Business

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read

    Load more

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

    Best viewed on Chrome browsers.