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Nikkei Markets

UPDATE: Malaysia Petronas Gas 2Q Net Profit Up 5.3% As Margin Improves

By Jason NG and Gho Chee Yuan
Nikkei Markets
Adds earnings
KUALA LUMPUR (Aug 15) -- Petronas Gas, the gas processing arm of Malaysia's national oil and gas firm Petronas, said Tuesday its second quarter net profit grew 5.3% on year on higher gross profit and improved margin across all segments.

Net profit for the three months ended Jun. 30 stood at 425.33 million ringgit ($98.99 million) compared to 403.75 million ringgit a year ago, the company said in an exchange filing. Quarterly revenue rose 4.9% to 1.17 billion ringgit from 1.12 billion ringgit a year earlier.

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