Petronas Gas first half earnings within expectation

Meanwhile, operating profit for the utilities segment was 5.4% higher y-o-y underpinned by higher demand and better gas price.

PETRALING JAYA: Petronas Gas Bhd’s core earnings of RM418.7mil brought first half 2017 earnings to RM878.9mil, which was within expectation and accounts for 49% of Affin Hwang Capital Research’s and consensus full year estimates, says the research house.

For H1FY17, operating profit for the gas transport segments and regasification segments improved 3.5% and 12.6% year-on-year (y-o-y) as they benefited from lower repair and maintenance cost.