September 24, 2017 6:20 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. The company operates through Natural Gas & LPG and Others segments. In addition, it sells liquefied petroleum gas (LPG) through a reticulation system; sells and supplies bio-compressed natural gas; sells and transports compressed natural gas; holds properties; and invests in combined heat and power systems, and virtual pipeline related businesses. The company serves customers in the food, beverage and tobacco, rubber, non-metallic minerals, glass, fabricated and basic meta...

No. 5, Jalan Serendah 26/17

Seksyen 26

Peti Surat 7901

Shah Alam,  40732

Malaysia

Founded in 1992

462 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 Declares Single-Tier Interim Dividend for the Financial Year Ending December 31, 2017, Payable on October 6, 2017

Gas Malaysia Berhad declared single-tier interim dividend of 4.00 sen per share on the 1,284,000,000 ordinary shares, amounting to MYR 51,360,000 in respect of the financial year ending December 31, 2017. The dividend is payable on October 6, 2017. The Ex-dividend date is September 14, 2017. Ex-date is September 14, 2017.

Gas Malaysia Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year Ending 31 December 2017

Gas Malaysia Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's revenue was MYR 1,287,333,000 compared to MYR 973,788,000 a year ago. This was mainly due to higher volume of gas sold, upward revision of natural gas tariff and higher tolling fees. Profit before zakat and taxation was MYR 51,251,000 compared to MYR 49,774,000 a year ago. This was mainly due to higher gross profit in line with the increase in volume of gas sold. Net profit was MYR 39,281,000 compared to MYR 38,833,000 a year ago. Net profit attributable to owners of the Parent was MYR 39,460,000 compared to MYR 38,974,000 a year ago. Diluted earnings per share was 3.07 sen compared to 3.04 sen a year ago. For the six months, the company's revenue was MYR 2,474,357,000 compared to MYR 1,935,048,000 a year ago. Profit before zakat and taxation was MYR 96,420,000 compared to MYR 89,447,000 a year ago. Net profit was MYR 72,925,000 compared to MYR 70,164,000 a year ago. Net profit attributable to owners of the Parent was MYR 73,201,000 compared to MYR 70,353,000 a year ago. Diluted earnings per share was 5.70 sen compared to 5.48 sen a year ago. Net cash flows used in generated from operating activities was MYR 7,178,000 compared to net cash generated from operating activities of MYR 321,937,000 a year ago. Purchase of property, plant and equipment was MYR 47,175,000 compared to MYR 43,380,000 a year ago. The growth in revenue for the financial period ended 30 June 2017 was primarily driven by the increase in volume of gas sold and revisions in gas tariff. The Board anticipates that the yearly increase in gas sales volume and number of customers to sustain for financial year 2017. The profitability of the Group for the financial year ending 31 December 2017 is expected to be in tandem with the level reflecting the prevailing tariff setting mechanism framework.

Gas Malaysia Berhad Announces Resignation of Encik Yusa' Bin Hassan as Non Independent and Non Executive Director

Gas Malaysia Berhad announced the resignation of Encik Yusa' Bin Hassan as Non Independent and Non Executive Director. Date of change is 19 July 2017.

Recent Private Companies Transactions

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

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Tax Management Inc United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Gas Malaysia Berhad, please visit www.gasmalaysia.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.