January 21, 2017 10:30 PM ET

Gas Utilities

Company Overview of Gas Malaysia Berhad

Company Overview

Gas Malaysia Berhad distributes and sells natural gas to the industrial, commercial, and residential sectors in Malaysia. The company also constructs and operates the natural gas distribution system in Peninsular Malaysia. In addition, it sells liquefied petroleum gas (LPG) through a reticulation system; sells and transports compressed natural gas; holds properties; and invests in combined heat and power systems, and virtual pipelines. The company serves customers in the food, beverage and tobacco, rubber, non-metallic minerals, glass, fabricated and basic metal, chemicals, electric and electronics, paper, printing and publishing, textile, and retail industries. As of December 31, 2015, it o...

No. 5, Jalan Serendah 26/17

Seksyen 26

Peti Surat 7901

Shah Alam,  40732

Malaysia

Founded in 1992

451 Employees

Phone:

60 3 5192 3000

Fax:

60 3 5192 6766

Key Executives for Gas Malaysia Berhad

Gas Malaysia Berhad does not have any Key Executives recorded.

Gas Malaysia Berhad Key Developments

Gas Malaysia Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Gas Malaysia Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was MYR 1,067,704,000 compared with MYR 895,496,000 a year ago. Profit before zakat and taxation was MYR 55,596,000 compared with MYR 44,546,000 a year ago. Net profit for the period was MYR 43,087,000 compared with MYR 33,688,000 a year ago. Net profit attributable to owners of the parent was MYR 43,198,000 or 3.36 sen per basic and diluted share compared with MYR 33,722,000 or 2.63 sen per basic and diluted share a year ago. The increase in revenue was mainly due to upward revision of natural gas tariff which took effect on 15 July 2016 and higher volume of gas sold in the current quarter. The increase in profit before zakat and taxation was mainly due to higher gross profit in line with the increases in volume of gas sold and assets contributed by customers. For the nine months, the company's revenue was MYR 3,002,307,000 compared with MYR 2,452,090,000 a year ago. Profit before zakat and taxation was MYR 145,043,000 compared with MYR 125,952,000 a year ago. Net profit for the period was MYR 113,252,000 compared with MYR 95,813,000 a year ago. Net profit attributable to owners of the parent was MYR 108,769,000 or 8.84 sen per basic and diluted share compared with MYR 95,891,000 or 7.47 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 414,033,000 compared with MYR 126,883,000 a year ago. Purchase of property, plant and equipment was MYR 55,977,000 compared with MYR 62,788,000 a year ago. As on September 30, 2016, the company's net assets per share attributable to ordinary equity holders of parent was 75.30 sen. The increase in revenue was mainly due to the upward revisions of natural gas tariff effective 1 January and 15 July 2016 and higher volume of gas sold. The increase in profit before zakat and taxation was due to higher gross profit in line with the increases in volume of gas sold and assets contributed by customers.

Gas Malaysia Berhad Declares Interim Dividend for the Financial Year Ending December 31, 2016 Payable on September 21, 2016

Gas Malaysia Berhad declared interim dividend of 4.00 sen per ordinary share of MYR 0.50 each, tax exempt under the single-tier system amounting to MYR 51,360,000 in respect of the financial year ending December 31, 2016. The dividend is payable on September 21, 2016. The Ex-dividend date is August 26, 2016. The entitlement date is August 30, 2016.

Gas Malaysia Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Gas Malaysia Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues were MYR 973,565,000 against MYR 795,011,000 a year ago. Profit before zakat and taxation was MYR 49,774,000 against MYR 43,569,000 a year ago. Net profit attributable to owners of the parent was MYR 38,974,000 or 3.04 sen diluted per share against MYR 33,679,000 or 2.62 sen diluted per share a year ago. The better performance is due to the upward revision of natural gas tariffs which took effect in January 2016 and higher volume of gas sold in the current quarter. For the six months, the company reported revenues were MYR 1,934,603,000 against MYR 1,556,594,000 a year ago. Profit before zakat and taxation was MYR 89,447,000 against MYR 81,406,000 a year ago. Net profit attributable to owners of the parent was MYR 70,353,000 or 5.48 sen diluted per share against MYR 62,169,000 or 4.84 sen diluted per share a year ago. Net cash flow generated from operating activities was MYR 321,937,000 against MYR 54,624,000 a year ago. Purchase of property, plant and equipment was MYR 43,380,000 against MYR 30,389,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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