KUALA LUMPUR, Aug 20 — Malakoff Corp Bhd’s net profit for the second quarter ended June 30, 2021 increased to RM117.73 million from RM104.96 million in the same quarter last year.
The group said the improved performance was attributed to higher contributions from the Tanjung Bin Power Sdn Bhd coal plant on the back of higher applicable coal price, as well as higher contributions from Alam Flora Sdn Bhd and foreign investments in associates. The group recommended payment of an interim dividend of 3.10 sen per ordinary share in respect of the financial year ending December 31, 2021, which will be paid on October 20, 2021.
It said Malakoff has made significant inroads in renewable energy expansion, particularly in the rooftop solar segment, in which the group has signed solar power purchase agreements with Aeon Co Bhd and DRB-HICOM.
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