From the Borneo Post, 2013-09-24:
Petronas Gas Bhd’s (Petronas Gas) prospects have been viewed as bright on the back of the commencement of its liquified natural gas (LNG) regasification terminal business in Melaka, Malaysia’s first LNG regasification terminal.
In addition, the group received a leg-up in its growth as the one-off investment tax allowance for its LNG regasification terminal business had more than doubled the group’s 2Q net profit.
Analyst Aaron Tan from the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in a recent note, said stripping out its one-off tax allowance boost, Petronas Gas’ first half 2013 (1H13) grew at a modest 3.1 per cent year-on-year (y-o-y) while its core earnings shrank 9.9 per cent y-o-y to RM713.8 million.
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Wata - Malaysian Oil and Gas Engineer 