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Tenaga 1Q net profit jumps 48% on forex gains and lower costs
Tenaga 1Q net profit jumps 48% on forex gains and lower costs

Malaysian Reserve

time27-05-2025

  • Business
  • Malaysian Reserve

Tenaga 1Q net profit jumps 48% on forex gains and lower costs

TENAGA Nasional Bhd posted a strong start to its 2025 financial year with a 48% rise in net profit to RM1.1 billion for the first quarter ended March 31, 2025 (1Q25), driven by foreign exchange gains and a 3% decline in operating expenses. Revenue grew 17.6% to RM16 billion, boosted by higher electricity sales under the regulatory incentive-based framework. The group recorded a foreign exchange gain of RM38.9 million compared to a RM171.3 million loss a year earlier, and benefited from an over-recovery in fuel costs of RM175.2 million versus a large under-recovery previously. Tenaga expanded its domestic data centre operations and secured new supply contracts while progressing with renewable energy projects in the UK. The company anticipates further financial strengthening from the upcoming regulatory period (RP4 2025-2027). — TMR

Tenaga down Maybank for indoor title
Tenaga down Maybank for indoor title

New Straits Times

time27-04-2025

  • Sport
  • New Straits Times

Tenaga down Maybank for indoor title

KUALA LUMPUR: Tenaga Nasional edged defending champions Maybank 2-1 in a penalty shootout after both teams were tied 3-3 in regulation time in the TNB Malaysian Indoor Hockey League final at Sri Putra Hall in Bukit Jalil today (April 27). It was Tenaga's first title since the tournament inception in 2021. Azimuddin Syakir Kamaruddin and Nursyahmi Zulkifli converted the penalties for Tenaga while Ashran Hamsani replied for Maybank. Earlier, Maybank had taken a 3-0 lead through Kamarulzaman Kamaruddin (seventh), Shahmie Irfan Suhaimi (14th) and Izham Azhar (17th). Tenaga replied through Aminudin Zain (22nd), Nursyahmi (26th) and Wan Haziq Hisyamuddin (37th). It was sweet revenge for Tenaga who lost to Maybank 4-1 in the final last year. Terengganu outplayed Armed Forces 5-1 to finish third. PDRM Blue Warriors beat BNHC of Kuala Lumpur 5-2 in the final to win the women's title. DBKL defeated MOHC of Melaka 2-0 to finish third.

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