January 25, 2015 7:34 AM ET

Gas Utilities

Company Overview of Gas Malaysia Berhad

Company Overview

Gas Malaysia Berhad sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors in Malaysia. The company also constructs and operates natural gas distribution system in Peninsular Malaysia. In addition, it sells liquefied petroleum gas through a reticulation system; and holds properties. The company’s industrial customers include food, beverage and tobacco, rubber, non-metallic minerals, glass, fabricated and basic metal, chemicals, electric and electronics, paper, printing and publishing, and textile industries. As of December 31, 2013, it operated and maintained pipelines covering a total of approximately 2,000 kilometers in Peninsular Malaysia servin...

No. 5, Jalan Serendah 26/17

Seksyen 26

Peti Surat 7901

Shah Alam,  40732

Malaysia

Founded in 1992

385 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, 2014

Gas Malaysia Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's revenue was MYR 734.4 million compared with MYR 583.7 million a year ago. This was mainly due to higher volume of gas sold and the upward revision of natural gas tariff. Profit before zakat and taxation was MYR 69.4 million compared with MYR 59.1 million a year ago. This was in line with the higher volume of gas sold and the upward revision of natural gas tariff as stated. Net profit for the period was MYR 53.8 million compared with MYR 46.2 million a year ago. Net profit attributable to owners of the parent was MYR 53.8 million or 4.19 sen per basic and diluted share compared with MYR 46.2 million or 3.60 sen per basic and diluted share a year ago. For the nine months, the company's revenue was MYR 1,992.96 million compared with MYR 1,712.98 million a year ago. Profit before zakat and taxation was MYR 188.8 million compared with MYR 170.1 million a year ago. Net profit for the period was MYR 144.3 million compared with MYR 131.3 million a year ago. Net profit attributable to owners of the parent was MYR 144.3 million or 11.24 sen per basic and diluted share compared with MYR 131.3 million or 10.22 sen per basic and diluted share a year ago. As on September 30, 2014, the company's net assets per share attributable to ordinary equity holders of parent was 77.08 sen. Net cash generated from operating activities was MYR 230.4 million compared with MYR 150.98 million a year ago. Purchase of property, plant and equipment was MYR 77.3 million compared with MYR 64.1 million a year ago.

Gas Malaysia Bhd Gets Petronas Contract

Gas Malaysia Bhd has agreed on the terms for the engineering, procurement, installation and commissioning of Coriolis Meter complete with data logger at 151 Petronas' natural gas vehicle stations for MYR 11 million. The project cost MYR 9.6 million and Gas Malaysia would charge an additional 15%, or MYR 1.4 million, as the project management costs.

Gas Malaysia Berhad Declares Tax Exempt Single Tier Interim Dividend for the Financial Year Ending December 31, 2014, Payable on September 30, 2014

The Directors of Gas Malaysia Berhad have declared interim dividend of 5.00 sen per ordinary share of MYR 0.50 each, tax exempt under the single-tier system amounting to MYR 64,200,000 in respect of financial year ending 31 December 2014. The payable date is September 30, 2014.

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