The natural gas distribution company, whose net profit fell to RM452.63mil from RM503.35mil in the previous corresponding quarter, said it had incurred a higher deferred tax expense to account for the Cukai Makmur in 2022. (File picture shows a gas pipeline)
PETALING JAYA: The one-off Cukai Makmur or prosperity tax dragged down Petronas Gas Bhd
’s (PetGas) net profit in the fourth quarter ended Dec 31, 2021, which fell by over 10% year-on-year (y-o-y).
The natural gas distribution company, whose net profit fell to RM452.63mil from RM503.35mil in the previous corresponding quarter, said it had incurred a higher deferred tax expense to account for the Cukai Makmur in 2022.
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