KUALA LUMPUR: Petronas Gas Bhd
posted a net profit of RM1.99bil in the financial year ended Dec 31, 2021, which was marginally lower than RM2.01bil recorded in the previous year.
Revenue for the financial year came to RM5.65bil, which was 1% higher than RM5.59bil in 2020.
The group said in a bourse filing that the improved revenue was owing mainly to higher contribution from the utilities segment due to higher contribution from steam sales to new customers and from regasification as a result of a new revenue stream from LNG ancillary services
In the fourth quarter alone, the group's net profit came to RM452.63mil, which was 10.08% lower than RM503.35mil in the previous corresponding quarter while revenue rose 7.79% year-on-year to RM1.5bil.
The board declared a fourth interim dividend of 22 sen per share and a special dividend of 10 sen per share, with entitlement date on March 10 and payable on March 22.
On outlook, the group said its performance in 2022 is expected to remain resilient despite the ongoing pandemic as its business model and long-term contracts ensures steady revenue streams, particularly for gas processing, gas transport and regasification business segments.
posted a net profit of RM1.99bil in the financial year ended Dec 31, 2021, which was marginally lower than RM2.01bil recorded in the previous year.Revenue for the financial year came to RM5.65bil, which was 1% higher than RM5.59bil in 2020.
The group said in a bourse filing that the improved revenue was owing mainly to higher contribution from the utilities segment due to higher contribution from steam sales to new customers and from regasification as a result of a new revenue stream from LNG ancillary services
In the fourth quarter alone, the group's net profit came to RM452.63mil, which was 10.08% lower than RM503.35mil in the previous corresponding quarter while revenue rose 7.79% year-on-year to RM1.5bil.
The board declared a fourth interim dividend of 22 sen per share and a special dividend of 10 sen per share, with entitlement date on March 10 and payable on March 22.
On outlook, the group said its performance in 2022 is expected to remain resilient despite the ongoing pandemic as its business model and long-term contracts ensures steady revenue streams, particularly for gas processing, gas transport and regasification business segments.
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