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NewsMalakoff 1Q profit up 39 times on higher Port Dickson Power contribution, pays 3 sen dividend
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Malakoff 1Q profit up 39 times on higher Port Dickson Power contribution, pays 3 sen dividend
by Cals Wed 27 May 2015, 19:32
Malakoff 1Q profit up 39 times on higher Port Dickson Power contribution, pays 3 sen dividend
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By Jeffrey Tan / TheEdge | May 27, 2015 : 6:34 PM MYT
KUALA LUMPUR (May 27): [size=14]Malakoff Corp Bhd’s net profit soared 39 times to RM103.9 million in the first quarter ended Mar 31, 2015, from RM2.6 million in the previous corresponding quarter, driven by higher contribution from its newly acquired Port Dickson Power (PDP).
The independent power producer generated higher revenue of RM1.35 billion, up 9% from RM1.24 billion in 1QFY14.
The revenue growth was attributed to the higher capacity registered by its coal-fired 2,100 megawatt Tanjung Bin Power Plant (TBPP) and the consolidation of PDP.
Malakoff declared a single-tier interim dividend of 3 sen per share for the financial year ending Dec 31, 2015.
Moving forward, Malakoff chief executive officer Datuk Seri Syed Faisal Albar said the group remains focused on delivering growth that are earnings accretive to its performance and value-adding to its shareholders.
Malakoff ended the day up 1 sen or 0.6% at RM1.75, giving it a market capitalisation of RM8.75 billion.
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By Jeffrey Tan / TheEdge | May 27, 2015 : 6:34 PM MYT
KUALA LUMPUR (May 27): [size=14]Malakoff Corp Bhd’s net profit soared 39 times to RM103.9 million in the first quarter ended Mar 31, 2015, from RM2.6 million in the previous corresponding quarter, driven by higher contribution from its newly acquired Port Dickson Power (PDP).
The independent power producer generated higher revenue of RM1.35 billion, up 9% from RM1.24 billion in 1QFY14.
The revenue growth was attributed to the higher capacity registered by its coal-fired 2,100 megawatt Tanjung Bin Power Plant (TBPP) and the consolidation of PDP.
Malakoff declared a single-tier interim dividend of 3 sen per share for the financial year ending Dec 31, 2015.
Moving forward, Malakoff chief executive officer Datuk Seri Syed Faisal Albar said the group remains focused on delivering growth that are earnings accretive to its performance and value-adding to its shareholders.
Malakoff ended the day up 1 sen or 0.6% at RM1.75, giving it a market capitalisation of RM8.75 billion.
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