GAS Malaysia Sdn Bhd expects to earn RM1bil revenue by the year ending Dec 31, 2006, earlier than the targeted 2008, said chief executive officer Muhamad Noor Hamid.
“We managed to secure our targeted industrial customers earlier than expected so revenue will be realised earlier. In fact, our budgeted figures are expected to be higher by 15% to 20%,” he said after signing agreements for the issuance of the company's maiden RM700mil nominal value Islamic private debt securities (IPDS) in Kuala Lumpur yesterday.