Gas M’sia earnings up on higher tariffs, sales volume

Better year: A worker inspects Gas Malaysia’s gas regulating station in Shah Alam. The company’s net profit for financial year 2017 increased 18 to RM194.64mil from RM165.14mil a year earlier.

PETALING JAYA: Higher gas tariffs and increased sales volume have boosted Gas Malaysia Bhd’s net profit in the last quarter of its financial year ended Dec 31, 2017 (FY17).

For its fourth quarter to end-December 2017, Gas Malaysia posted a 49.2% jump in net profit to RM76.98mil from RM51.59mil a year earlier.