Tenaga Nasional Berhad's group profit after tax (PAT) declined by 51.6 percent to RM736.7 million in the First Quarter Financial Year 2020 (1QFY2020) from RM1.52 billion in the same period last year. The lower PAT includes unrealised forex loss of RM388 million. The quarter saw volatile forex due to uncertainties in the global economy.
The Group's revenue decreased 12.0 percent to RM11.65 billion from RM13.24 billion in the same period last year, as overall revenue was impacted by the Imbalance Cost Pass Through (ICPT) being in a rebate position of RM307.5 million as against a surcharge position of RM1.37 billion in the
Electricity sales in the first three months of this year was however, stable at 27,938.2 GWh or RM11.78 billion compared with 28,471.1 GWh or RM12.03 billion in the first quarter of 2019. EBITDA margin improved 3.8 percent year-on-year due to a 15.4 percent decrease in operating expenses in the first quarter of 2020.
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TNB - Tenaga Nasional Berhad published this content on 10 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2020 17:52:00 UTC