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Malakoff 2Q net profit dips to RM103.27m, cautions lower capacity payment will affect FY17 results

Mimi Sabreena 2:40:00 PM Informasi

KUALA LUMPUR (Aug 21): Malakoff Corporation Bhd net profit for the second quarter June 30, 2017 fell to RM103.27 million, from RM129.63 million a year earlier, due mainly to lower contributions from Tanjung Bin Energy’s power plant.

In a filing this afternoon, Malakoff said revenue for the quarter rose to RM1.73 billion, from RM1.53 billion a year earlier, driven by higher applicable coal price and higher capacity factor registered by Tanjung Bin Power’s power plant.

Earnings per share was 2.07 sen, compared with 2.59 sen a year earlier.

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