Gas Malaysia nets RM53.8m

Dateline 2014-11-12, NST:

GAS Malaysia Bhd’s net profit jumped 16.5 per cent to RM53.8 million in the third quarter ended September 30 from a year ago, due to higher gas sales and the upward revision of natural gas tariff.

Revenue for the quarter also grew significantly by 25.8 per cent to RM734.4 million, said the natural gas distributor in a filing to Bursa Malaysia yesterday.

For the nine-month period, net profit rose 9.9 per cent to RM144.3 million, while revenue jumped 16.3 per cent to RM1.99 billion, also due to higher volume of gas sold and the higher natural gas tariff.

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