PETALING JAYA: Petronas Gas Bhd
’s (PetGas) net profit dipped 13.6% to RM431.58mil in the third quarter ended Sept 30,2019 (3Q19) from RM499.80mil a year ago, dragged down by lower revenue and higher repair and maintenance costs from the utilities segment.
In a filing with Bursa Malaysia yesterday, the group said the drop in net profit was offset by a higher share of profit from a joint-venture company after the commencement of its commercial operations at the air separation unit project at Pengerang in Johor in the first quarter this year.
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