Although the group’s revenue declined 28.24% y-o-y to RM1.15bil, it managed to bring its cost of sales lower by 30.35% y-o-y to RM1.06bil for the quarter.
PETALING JAYA: Gas Malaysia Bhd
has posted a net profit of RM55.63mil for the first quarter ended March 31, which came in 16.23% higher year-on-year (y-o-y).
This was mainly due to a higher gross profit in line with the higher volume of natural gas sold in the current quarter, offset by higher overheads and depreciation being part of cost of sales.
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