<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 20): Malakoff Corp Bhd's net profit rose 13% year-on-year to RM94.49 million in the third quarter ended Sept 30, 2019 from RM83.5 million on lower tax expenses incurred during the period.</p></div>

<div class=newsTextDataWrapInner><p>This brings earnings per share to 1.93 sen from 1.70 sen previously.</p></div>

<div class=newsTextDataWrapInner><p>According to the group's bourse filing, revenue for the quarter fell 3% to RM1.86 billion versus RM1.91 billion a year ago, due to lower energy payments from its Tanjung Bin Power Sdn Bhd coal plant following the plant's scheduled maintenance outage between August and October.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the cumulative nine months, net profit rose by 13% to RM213.75 million from RM188.95 million in the year-ago period, on the back of revenue of RM5.68 billion, up 4% year-on-year from RM5.46 billion.</p></div>

<div class=newsTextDataWrapInner><p>Moving forward, the group said it will continue to focus on enhancing the efficiency and reliability of its assets.</p></div>

<div class=newsTextDataWrapInner><p>"To this end, our Tanjung Bin Energy Plant had undertaken a 73-day scheduled outage in the first half of 2019 and its Unscheduled Outage Rate has now reduced to below 6%," it said in the filing.</p></div>

<div class=newsTextDataWrapInner><p>The group expects overall performance to remain satisfactory for the financial year ending Dec 31, 2019.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break, Malakoff shares were 1.5 sen or 1.78% higher at 86 sen, for a market capitalisation of RM4.2 billion.</p></div>


Malakoff Corp Bhd's net profit rose 13% year-on-year to RM94.49 million in the third quarter ended Sept 30, 2019 from RM83.5 million on lower tax expenses incurred during the period.

This brings earnings per share to 1.93 sen from 1.70 sen previously.

Malakoff's 3Q net profit up 13% on lower tax expenses

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