Friday 19 Apr 2024
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KUALA LUMPUR (May 17): Petronas Gas Bhd's net profit rose 4% to RM483.22 million in the first quarter ended March 31, 2018 (1QFY18) from RM463.24 million a year earlier on higher revenue from all business segments.

In a filing to Bursa Malaysia today, Petronas Gas said group revenue increased to RM1.35 billion from RM1.17 billion, mainly contributed by the group's new liquefied natural gas (LNG) regasification terminal in Pengerang, Johor.

Petronas Gas said "this (group revenue growth) was further supported by higher revenue from all segments", which include gas processing and transportation besides utilities.

"The group's utilities segment will continue to contribute positively to the group's results. The group's regasification segment results will benefit from full-year contribution of the new LNG Regasification
Terminal in Pengerang, Johor," Petronas Gas said.

Petronas Gas declared a dividend of 16 sen a share for 1QFY18. The dividend's ex- and payment dates fall on May 31 and June 12, 2018 respectively, according to the company.

At 3:52pm, Petronas Gas shares were traded at RM17.96. The stock had earlier risen to its highest so far today at RM17.98 for a market capitalisation of RM35.38 billion.

 

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