Dateline 2015-08-04, Malaysia Reserve:
Petronas Gas Bhd’s pre-tax profit for the second quarter ended June 30, 2015, fell to RM527.10 million from RM578.92 million in the corresponding quarter of 2014.
Revenue declined to RM1.08 billion from RM1.10 billion previously due to lower utilities revenue.
In a filing to Bursa Malaysia, Petronas Gas said the lower revenue was due to electricity tariff rebate effective March 1, 2015.
Petronas Gas expected its 2015 performance for gas processing, gas transportation and regasification segments to remain stable.