ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Nikkei Markets

Malaysia's Petronas Gas 3Q Net Profit Down 1.2% On Year At MYR417.43 Mln

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Nov 10) -- Petronas Gas, the gas processing arm of Malaysia's national oil and gas firm Petronas, said Friday its net profit for the third quarter fell 1.2% on year on higher depreciation and rise in utilities cost of sales.

Net profit for the three months ended Sep. 30 stood at 417.43 million ringgit ($99.57 million) compared to 422.71 million ringgit a year ago, the company said in an exchange filing. Quarterly revenue was almost flat at 1.16 billion ringgit.

Petronas Gas said its liquefied natural gas regasification terminal in the state of Johor, has commenced commercial operation this month and will contribute to its revenue stream. The terminal has a total capacity of 490 million standard cubic feet per day.

The company expects performance to remain stable amidst the challenging economic environment on the back of its strong and sustainable income streams from existing Gas Processing Agreement, Gas Transportation Agreements and Regasification Service Agreement signed with Petroliam Nasional.
- By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited by Abhijit Basu
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more