Petronas Gas posts slight dip in Q3 net profit to RM580.84mil on unfavourable forex

KUALA LUMPUR: Petronas Gas Bhd recorded a net profit of RM580.84mil in the third quarter ended Sept 30, 2021, a 1.7% dip from RM591.01mil in the previous corresponding period due to the impact of unfavourable foreign exchange movement.

The gas infrastructure and utilities company said in a bourse filing it recorded unrealised foreign exchange loss of RM10.4mil relating to the translation of US dollar-denominated assets and liabilities, in contrast to a gain of RM84.3mil in the same quarter in 2020.