From Bernama – Petronas Gas Earnings Outlook Revised Upwards


Dateline 2011-02-23:

PETRONAS Gas Bhd’s (PTG) earnings outlook has been revised upwards by a number of research houses after it posted better- than-expected earnings for the nine months ended Dec 31, 2010.

It reported a jump in pre-tax profit to RM1.549 billion for the nine-month period under review from RM966.287 million in the same period in 2009, while revenue rose to RM2.633 billion from RM2.419 billion.

MIDF Research revised PTG’s earnings forecast for financial year (FY) 2011 and FY12 upwards by 10.5 per cent and 7.4 per cent, respectively.

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