KUALA LUMPUR: Gas Malaysia Bhd
‘s net profit improved marginally to RM69.29 million within the fourth quarter ended Dec 31, 2021 (This fall 2021), versus RM69.23 million in This fall 2020.
Revenue rose 6.7 per cent to RM1.94 billion from RM1.82 billion beforehand, it mentioned in a submitting with Bursa Malaysia at this time.
“This was according to the upper common pure fuel tariff, mitigated by decrease quantity of pure fuel bought and the decrease recognition of income cap throughout the quarter,” it mentioned.
On a 12-month foundation, net profit rose to RM249.62 million for the monetary 12 months ended Dec 31, 2021 (FY2021) from RM212.62 million a 12 months earlier than.
However, its income decreased 12.5 per cent to RM5.85 billion in comparison with RM6.69 billion beforehand, according to decrease common pure fuel tariff, mitigated by increased quantity of pure fuel bought and better recognition of income cap, it mentioned.
On its prospects, Gas Malaysia mentioned as a result of uncertainties and challenges arising from the total market liberalisation of the pure fuel business, the corporate will proceed to take prudent measures to keep up its operational effectivity to stay aggressive and search alternatives to develop its enterprise.
With the measures in place, the group expects to ship a passable efficiency for FY2022, in tandem with the anticipated financial progress, it mentioned.
Gas Malaysia additionally declared a second interim dividend of 6.00 sen per share on the 1.28 billion abnormal shares, amounting to RM77.04 million in respect of FY2021’s efficiency, which shall be paid on March 31, 2022. – Bernama
