The group’s bottomline for the third quarter ended May 31 fell to RM1.96bil from RM2.3bil in the same period last year. TNB is currently embroiled in a dispute with the Inland Revenue Board (IRB), where the latter claims that TNB has unpaid taxes amounting to some RM2.07bil for the assessment years of 2013 and 2014. Year-to-date, it has set aside RM508.8mil in deferred taxes, which is higher than the RM73.8mil in the corresponding period last year. TNB said the return for the regulated business under the IBR framework that mainly consists of the transmission and distribution businesses was recorded at RM3.088bil for the current period. For the non-regulated business, our Generation Plant Availability Factor or EAF has registered a sustainable improvement since FY14,” Azman added.

Source: The Star July 27, 2017 22:41 UTC