TNB 3Q24 net profit soars 85% year-on-year

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TNB 3Q24 net profit soars 85% year-on-year
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Apple advised on its website that device owners should question all requests for personal information.

The group emphasised its commitment to remain as a key player in advancing the National Energy Transition Roadmap. is predicting a stable performance for the rest of 2024, saying it will continue to adopt prudent business strategies to ensure it remains resilient.

Announcing its results for the third quarter ended Sept 30, 2024 , yesterday, the national power provider saw net profit soar 85% year-on-year to RM1.58bil, as revenue also edged up 6.6% to RM14.4bil. The quarterly showing translated into a year-to-September net earnings of RM3.74bil, which also represented a jump of 71.2% y-o-y compared to the same period of 2023, driven by a turnover increase of 7.5% to RM42.4bil.

“Imbalance cost pass-through was in a lower under-recovery position of RM7.37bil as compared to RM8.49bil in the corresponding period of last year due to lower fuel prices,” it added,

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