Malaysia's Tenaga Q4 net profit plunges on weak ringgit, higher operating costs

Reuters

KUALA LUMPUR, Oct 31 (Reuters) - Tenaga Nasional Bhd, Malaysia's largest electricity utility, saw netprofit for the fourth quarter ending August plunge to 211.8million ringgit ($67.27 million) from 1.07 billion ringgit($339.84 million) in the corresponsing quarter last year.

The steep fall was due to higher operating costs and aweaker ringgit, state controlled Tenaga said in a statement.

For the company's press statement on its financial results,please click: http://link.reuters.com/gew34v

($1 = 3.1485 Malaysian ringgits) (Reporting By Yantoultra Ngui and Siva Sithraputhran)

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