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Tenaga to miss earnings estimates
by hlk Thu 20 Oct 2011, 19:00
Tenaga Nasional Bhd, Malaysia’s biggest power producer, fell 1.6 percent to RM5.46.
The company’s full-year earnings due on Oct. 28 will miss consensus estimates on higher fuel costs, CIMB Holdings Bhd wrote in a report today.
Tenaga will report a loss for the second straight quarter and may post a loss in 2012 for the first time in more than a decade, Chief Executive Officer Che Khalib Mohamad Noh said in an interview on Oct. 18. -- Bloomberg
The company’s full-year earnings due on Oct. 28 will miss consensus estimates on higher fuel costs, CIMB Holdings Bhd wrote in a report today.
Tenaga will report a loss for the second straight quarter and may post a loss in 2012 for the first time in more than a decade, Chief Executive Officer Che Khalib Mohamad Noh said in an interview on Oct. 18. -- Bloomberg
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