Tenaga ... Nov12

TENAGA NASIONAL BHD [] posted a net profit of RM1.01 billion for the fourth quarter ended August 31, 2012 compared to net loss RM338.6 million a year, due mainly to the alternate fuel cost differential compensation of RM3,154.5 million, which was recognised during the current period.
The utility giant said on Wednesday that its revenue for the quarter increased to RM9.33 billion from RM9.5 billion arising from an increase in sales of electricity in the Peninsula and the tariff increase of 7.1% on 1 June 2011.

Earnings per share rose to 18.44 sen compared to loss per share of 6.21 sen, while net asset per share was RM6.57.

For the financial year ended Aug 31, Tenaga’s net profit jumped to RM4.19 billion from RM965.4 million on the back of revenue RM35.85 billion versus RM32.24 billion.
Tenaga said the strengthening of the ringgit against the Japanese Yen during the quarter resulted in a translation gain of RM93.0 million as compared to a loss of RM334.6 million in the corresponding quarter.