Thursday, April 21, 2011

#Flash* Tenaga 2Q earnings dn 37% to RM630m, sees challenging year

KUALA LUMPUR: TENAGA NASIONAL BHD []'s (TNB) earnings fell 36.9% to RM630.30 million in the second quarter ended Feb 28, 2011 from RM1 billion a year ago as it was impacted by higher coal prices and forecast a challenging year ahead.

TNB said on Thursday, April 21 that its revenue was a marginal 1.5% higher at RM7.503 billion from RM7.389 billion a year ago. Earnings per share were 14.2 sen compared with 23.05 sen while it declared a lower dividend of 4.5 sen per share.

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