Gas Malaysia’s fourth-quarter profit rises

The group has announced a second interim dividend of six sen per share for the quarter, bringing total dividends per share for the year to 10.8 sen. This is higher than the 9.65 sen paid out in FY20.

PETALING JAYA: Gas Malaysia Bhd posted a net profit of RM69.29mil for the fourth quarter ended Dec 31, 2021, a marginal increase from RM69.23mil a year earlier, on the back of a 6.7% year-on-year (y-o-y) rise in revenue to RM1.94bil in line with higher average natural gas tariff.

However, this was mitigated by the lower volume of natural gas sold and a lower recognition of revenue cap during the current quarter.