Gas Malaysia sees 15% increase in FY24 net profit

The group expects to deliver a satisfactory performance for FY25.

PETALING JAYA: Gas Malaysia Bhd saw a 15% year-on-year (y-o-y) increase in its net profit for the financial year ended Dec 31, 2024 (FY24), due to higher volume of natural gas sold, higher average natural gas contribution margin as well as higher tolling fee.

The group posted FY24 net earnings of RM441.4mil, translating to an earnings per share of 34.38 sen.