TNB makes RM1bil net profit in Q3

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TNB net profit was flat at RM1.003 billion in the third quarter ended Sept 30, 2021.

's net profit was flat at RM1.003 billion in the third quarter ended Sept 30, 2021, from RM1.009 billion registered in the corresponding period last year.

"The group’s performance for the first nine months of 2021 improved compared with the same period in the preceding year despite challenges faced during the COVID-19 pandemic. For the first nine months of the financial year 2021, TNB's net profit rose to RM2.78 billion versus RM2.38 billion recorded a year ago, while revenue edged up 9.6 per cent year-on-year to RM36.89 billion from RM33.65 billion a year ago.

TNB president and chief executive officer Datuk Baharin Din said TNB recorded another period of resilient performance mainly on the back of improved economic activities.

 

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