For the quarter ended 30 June 2022, Malakoff recorded RM2.31 billion in revenue, an increase of 46.3% from RM1.58 billion it reported in the corresponding quarter ended 30 June 2021. The group said this was primarily due to higher energy payments recorded from Tanjung Bin Power Sdn. Bhd. and Tanjung Bin Energy Sdn. Bhd. on the back of the higher applicable coal price.
Profit before taxation also came in higher at RM196.6 million, a slight increase of 3.6% from RM189.7 million reported in the corresponding quarter ended 30 June 2021, primarily due to higher contribution from TBP given the higher ACP and lower net finance costs. However, these were partially offset by lower contribution from TBE impacted by the reduction in capacity
income following plant outage caused by Low-Pressure Turbine blade failure coupled with higher operation and maintenance costs.
As Year-to-date, 2022 vs Year-to-date, 2021, for the period ended 30 June 2022, the Group recorded RM4,202.3 million in revenue, an increase of 43.1% from RM2,935.6 million reported in the corresponding period ended 30 June 2021, primarily due to higher energy payments recorded from TBP and TBE on the back of the higher ACP.
The Group recorded higher profit before taxation of RM294.8 million, a slight increase of 2.9% from RM286.4 million reported in the corresponding period ended 30 June 2021, primarily due to higher contribution from TBP given the higher ACP, lower net finance costs as well as higher contributions from foreign investments in associates and joint ventures. However, these were partially offset by lower contribution from TBE impacted by the reduction in capacity income
following plant outage caused by Low-Pressure Turbine blade failure coupled with higher operation and maintenance costs.
