KUALA LUMPUR, Aug 26 — Tenaga Nasional Bhd’s second quarter net profit advanced 25.7 per cent to RM821.5 million from RM653.3 million a year ago on higher operating profit despite a bigger net loss on impairment of financial instruments recognised in the current quarter.
Net profit for the first half-year rose to RM1.78 billion from RM1.37 billion, while revenue stood at RM23.91 billion versus RM22.54 billion a year ago, it said. Bank Negara Malaysia has revised the economic growth projection to be between 3 and 4 per cent for 2021 from 6 to 7.5 per cent as previously projected.
Under its sustainability pathway, TNB aspires to achieve net zero emissions by 2050. This aspiration is underpinned by a commitment to reduce 35 per cent of its emissions intensity as well as 50 per cent of its coal generation capacity by 2035.
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