PetGas post net profit of RM503.35mil, div of 27 sen/share

KUALA LUMPUR: Petronas Gas Bhd posted an improved net profit of RM503.35mil in the fourth quarter ended Dec 31, 2020, 3.7% higher than RM485.27mil in the previous corresponding quarter.

Revenue for the quarter was up 1.2% year-on-year to RM1.39bil from RM1.37bil on higher contribution from the regasification and gas transport segments in line with new tariffs for Regulatory Period 1 effective Jan 1, 2020.