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
Peti Surat 7901
Shah Alam, 40732
Founded in 1992
Gas Malaysia Berhad Declares Single-Tier Interim Dividend for the Financial Year Ending December 31, 2017, Payable on October 6, 2017
Aug 10 17
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
Aug 10 17
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.