KUALA LUMPUR: Petronas Gas Bhd
posted a net profit of RM1.99bil in the monetary yr ended Dec 31, 2021, which was marginally decrease than RM2.01bil recorded in the earlier yr.
Revenue for the monetary yr got here to RM5.65bil, which was 1% decrease than RM5.59bil in 2020.
The group mentioned in a bourse submitting that the improved income was owing primarily to greater contribution from the utilities phase because of greater contribution from steam gross sales to new clients and from regasification because of this of a brand new income stream from LNG ancillary providers
In the fourth quarter alone, the group’s net profit got here to RM452.63mil, which was 10.08% decrease than RM503.35mil in the earlier corresponding quarter whereas income rose 7.79% year-on-year to RM1.5bil.
The board declared a fourth interim dividend of 22 sen per share and a particular dividend of 10 sen per share, with entitlement date on March 10 and payable on March 22.
On outlook, the group mentioned its efficiency in 2022 is anticipated to stay resilient regardless of the continuing pandemic as its enterprise mannequin and long-term contracts ensures regular income streams, significantly for gasoline processing, gasoline transport and regasification enterprise segments.
