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Malakoff Shares Fall After First-Quarter Loss

Por: MarketWatch Business May 29, 2023

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Malakoff said late Friday that it swung to net loss of MYR99.1 million ($21.5 million) for the first quarter, compared with net profit of MYR27.5 million a year ago, mainly due to substantial negative fuel margin at its power plants. Revenue rose 21% to MYR2.29 billion, driven by higher energy payments at its plants. Maybank Investment Bank analyst Tan Chi Wei lowered Malakoff's 2023-2025 net profit estimates by 62%, 5% and 5%,... + full article



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