TNB 2Q net profit quadruples

Quick Summary:

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.

In a filing with Bursa Malaysia, TNB said Prai Power will continue to operate and maintain a 350MW combined cycle gas turbine (CCGT) facility at Seberang Prai Tengah, Penang, within the vicinity of the Prai Power Station.

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

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Article Details

Author / Journalist: GANESHWARAN KANA

Category: EconomyBusiness

Markets: Malaysia

Topics: DataCentres /Business/Business News QuarterlyEarnings EnergyDemand Dividend Corporate News RevenueGrowth TNB ElectricitySales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 913 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22301102

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