Petronas Gasoline posts slight dip in Q3 internet revenue to RM580.84mil on unfavourable foreign exchange


KUALA LUMPUR: Petronas Gas Bhd recorded a internet revenue of RM580.84mil within the third quarter ended Sept 30, 2021, a 1.7% dip from RM591.01mil within the earlier corresponding interval because of the affect of unfavourable overseas alternate motion.

The fuel infrastructure and utilities firm stated in a bourse submitting it recorded unrealised overseas alternate lack of RM10.4mil regarding the interpretation of US dollar-denominated property and liabilities, in distinction to a achieve of RM84.3mil in the identical quarter in 2020.

Earnings per share dipped to 29.35 sen in comparison with 29.87 sen a 12 months earlier.

The board of administrators declared a 3rd interim dividend of 18 sen per share going ex on Dec 6, 2021, and payable on Dec 20, 2021.

Within the quarter below evaluation, the group reported income of RM1.43bil, which was a 1.4% improve over RM1.41bil within the year-ago quarter.

Transferring ahead, the group stated its efficiency in 2021 is anticipated to stay resilient regardless of the continuing pandemic as its enterprise mannequin and long-term contracts guarantee regular income streams, significantly for the fuel processing, fuel transport and regasification enterprise segments.

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