KUALA LUMPUR: Gas Malaysia Bhd
posted a internet revenue of RM62.36mil within the third quarter ended Sept 30, 2021, a 22.49% enchancment over RM50.91mil within the earlier corresponding quarter regardless of a drop in income.
It mentioned in a bourse submitting that profitability rose on greater gross revenue, decrease administrative bills and decrease finance prices.
The upper gross revenue regardless of decrease quantity of pure fuel offered was primarily as a result of recognition of income cap adjustment within the present quarter.
Earnings per share got here to 4.86 sen in comparison with 3.96 sen within the earlier corresponding quarter.
For the quarter, the group reported income of RM1.38bil, which was 19.7% decrease than RM1.72bil within the year-ago quarter.
“This was in keeping with decrease common pure fuel tariff coupled with decrease quantity of pure fuel offered, mitigated by the popularity of income cap adjustment in the course of the present quarter,” it mentioned.
Transferring ahead, the group is assured of delivering passable ends in 2021 with the gradual reopening of extra financial sectors.
“The group will proceed to take prudent measures to take care of its operational efficiencies and search alternatives to develop its enterprise,” it added.
