Gas Malaysia's net profit falls to RM86.16mil in 3Q on lower sales, higher operating costs

KUALA LUMPUR: Gas Malaysia Bhd’s net profit fell to RM86.16 million in the third quarter ended Sept 30, 2023 (3Q 2023), from RM95.66 million in the same quarter last year, amid lower volume of natural gas sold and higher operating and administrative expenses.

In a filing with Bursa Malaysia today, the oil and gas group said its revenue slipped 2.6 per cent to RM1.82 billion during 3Q from RM1.86 billion previously.