By Yantoultra Ngui
KUALA LUMPUR, Malaysia--National electricity utility Tenaga Nasional Bhd. (5347.KU) said Thursday that fiscal second-quarter net profit rose 12% from a year ago.
The advance was mainly because of higher foreign-exchange translation gains and shares of results from associates, the company said.
Net profit for the quarter ended February was 1.48 billion ringgit ($340 million), compared with MYR1.32 billion a year ago, according to a filing with the local stock exchange.
Revenue increased 6.4% to MYR11.16 billion from MYR10.49 billion a year earlier.
Tenaga shares ended Thursday 0.14% higher at MYR13.86 before the earnings release. Shares have remained relatively unchanged year to date.
Write to Yantoultra Ngui at [email protected]