KUALA LUMPUR (Feb 27): Tenaga Nasional Bhd's net profit fell 27.83% to RM583.9 million in the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM809.1 million a year ago, on the back of lower imbalance cost pass-through (ICPT) under-recovery and lower forex gains.

Quarterly earnings per share fell to 10.12 sen, from 14.1 sen in 4QFY2022. It declared a dividend of 28 sen per share, bringing FY2023 dividends to 46 sen per share, unchanged from the previous year.

In the quarter, the group recorded a foreign exchange gain of RM151 million, down from RM360.8 million the year before, its filing showed.

Source:  The Edge