Thursday, January 22, 2015

Tenaga's craazzzy earnings

From the Star:

Tenaga Nasional Bhd’s net profit for the first quarter ended Nov 30, 2014, rose 34.4% to RM2.352bil from RM1.75bil a year ago, thanks to the increase in tariff and sales in the Peninsula and Sabah. 
Sales in the Peninsula grew 3.3%, while in Sabah it was 2.4%, which was an additional boost to TNB given the tariff hike in January 2014 of 14.9% and 16.9% respectively.
 Up 34.4% making 600 mil more PROFIT than a year ago, on top of the ridiculous profit they are making now.   They are getting so much money they don't know what to do with it.  With this money, surely Integrax is going to ask for a higher offer.

Unfortunately, everyone is paying higher electricity bill charges.  Whoever sold stocks because of GST, Tenaga is just rolling over the GST problem like a small little pothole in the road.

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