Tenaga Nasional Posts Highest Ever Net Profit Of RM6.4b
KUALA LUMPUR, Oct 31 – Tenaga Nasional Bhd has made its highest ever net profit of RM6.4 billion in financial year ended August 2014 which is an 18.5 per cent increase compared to RM5.4 billion last year.
Its chairman Tan Sri Leo Moggie said the rise was attributed to a reduction in corporate tax which account 54 per cent of the RM1 billion increase as well as lower coal prices at US$83.6 a tonne. Tenaga Nasional also invested a record high of RM10 billion in capital expenditure during the year to ensure a steady and reliable supply of electricity.
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