Tenaga Nasional Bhd reported earnings results for the fourth quarter and full year ended August 31, 2009. For the quarter, the company turned in a fourth-quarter net profit of MYR 164.3 million, after sustaining a loss of MYR 282.9 million a year ago. The better results were attributed to earlier tariff adjustments and lower foreign exchange (forex) losses. Revenue grew 12% to MYR 7.5 billion from a year ago. The group recorded an unrealised forex loss of MYR 244.3 million as the ringgit weakened against the Japanese yen and the US dollar, to which the group has exposure to. For the full year ended August 31 2009, the net profit dropped 64.6% to MYR 917.9 million in the financial year just ended, due to slower demand growth, increased operating expenses due to higher fuel costs and payments to independent power producers. The group was also impacted with a forex loss of MYR 1.18 billion, of which 74% was due to its exposure to Japanese yen loans. The company recorded a 16.3% growth in revenue to MYR 28.79 billion due to tariff adjustments in July 2008 and March 2009. TNB has proposed a dividend of MYR 10 sen per share and tax-exempt dividend of MYR 2.3 sen per share. The company expects earnings for the current financial year to be better, due to growth in electricity demand, stabilising coal prices and lower forex losses. Meanwhile, the company clarified that the MYR 5 billion to be spent by TNB announced under the 2010 Budget, was part of its yearly capital expenditure (capex). The capex will be used to implement electricity generation, transmission and distribution projects in 2010 as well as for works on the hydroelectric projects in Hulu Terengganu and Ulu Jelai, Pahang.

Tenaga Nasional Bhd expected to Report Q1 2010 Results on January 8, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).

Tenaga Nasional Bhd reported earnings results for the financial year ended August 31, 2009. The company saw a 17.5% decline in its net profit before forex translation loss, registering MYR 2,095.7 million for the financial year ended August 31, 2009 compared with MYR 2,540.8 million in the previous year. The drop was attributed mainly to the higher average coal price which stood at $90.2 per metric tonne during the year, exceeding the $85 per metric tonne recoverable under the tariff adjustment effected in March 2009.