Gas Malaysia earnings to remain lifted by higher selling prices

KUALA LUMPUR: A strong earnings performance in Gas Malaysia Bhd's first quarter is expected to continue in subsequent quarters as higher commodity prices elevate earnings estimates.

The natural gas distributor announced recently that its profit had risen 64.2% year-on-year (y-o-y) and 31.8% quarter-on-quarter to RM91.3mil, which beat analysts' expectations.