PetGas earnings down on forex loss


Dividend payout: Workers cleaning a billboard showing Petronas logo. Petronas unit PetGas has declared a third interim dividend of 15 sen per share, amounting to RM296.8mil, for the financial year ending Dec 31, 2015.

PETALING JAYA: Petronas Gas Bhd (PetGas) recorded a 27% drop in net profit to RM304.98mil in the third quarter ended Sept 30, 2015, against RM418.63mil a year ago due to unrealised foreign exchange (forex) loss on finance lease liabilities.

Excluding the impact of forex, PetGas said profit for the quarter increased by 9.1% on higher revenue and other income.

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