Tenaga is most profitable firm in Khazanah's stable (TheStar)

Being the SOLE Electricity provider in the Nation, is this not expected? I wonder if this due Electricity tariff hike last year?

Interview between Tenaga CFO & Reuters-Sep'2007

Tenaga is most profitable firm in Khazanah's table
KUALA LUMPUR: Tenaga Nasional Bhd was the most profitable government-linked company (GLC) under Khazanah Nasional's management in 2008 with a profit of RM2.594bil.

Deputy Finance Minister Datuk Kong Cho Ha said Bumiputra Commerce Holdings Bhd was the second most profitable at RM1.952bil for the same fiscal year.

Replying to Datuk Baharum Mohamed (BN - Sekijang), he said they were two of the eight Khanazah-managed GLCs that made profits in 2008.

The rest were Telekom Malaysia Bhd (RM791.9mil), TM International Bhd (RM497.98), Malaysia Airports Holdings Bhd (RM305.2mil), Malaysia Airline System Bhd (RM244.31), Proton Holdings Bhd (RM184.55mil) and UEM World Bhd (RM80.37mil).

To a supplementary question from Baharum, Kong said the Government was satisfied with the perfomance of the GLCs' respective management and staff and disagreed with Baharum's allegations that they were unsupportive of the Government.

"I disagree with the statement that the CEOs of the GLCs do not support the Government.

"They have carried out their duties and responsibility as expected of them to maintain the companies' performance.

"In their work, they have also held corporate social responsibility programmes for the public," he said.