Malaysia’s national power producer Tenaga Nasional Bhd posted a fourth quarter loss after a disruption in the supply of natural gas forced the company to buy more expensive alternative fuels for generation.
Tenaga posted a net loss of RM453.9 million (US$146.3 million ringgit compared to a Thomson Reuters I/B/E/S estimate of a RM100.63 million loss. The estimate was provided by a single undisclosed broker.
Tenaga recorded a net profit of RM388.4 million for the same period last year.
Tenaga has been forced into the market to purchase fuel oil and distillates regularly since the second quarter of this year owing to a disruption in its supply of gas from state oil firm Petronas. -- Reuters
Tenaga posted a net loss of RM453.9 million (US$146.3 million ringgit compared to a Thomson Reuters I/B/E/S estimate of a RM100.63 million loss. The estimate was provided by a single undisclosed broker.
Tenaga recorded a net profit of RM388.4 million for the same period last year.
Tenaga has been forced into the market to purchase fuel oil and distillates regularly since the second quarter of this year owing to a disruption in its supply of gas from state oil firm Petronas. -- Reuters
