PETALING JAYA: Gas Malaysia Bhd
’s net profit for the fourth quarter ended Dec 31 rose five times to RM51.59mil from a year ago, while revenue dropped 10% to RM1.05bil from RM1.17bil.
The company said the jump in profit was mainly due to a higher gross profit in line with the increase in the volume of gas sold, tolling fees and assets contributed by customers.
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