KUALA LUMPUR, Nov 14 -- Gas Malaysia Bhd’s net profit rose to RM46.48 million in the third quarter ended Sept 30, 2019 (Q3) from RM41.42 million recorded in the same quarter last year.
Revenue surged 12.8 per cent to RM1.76 billion from RM1.56 billion previously on the back of higher volume of natural gas sold and higher natural gas tariff, the group said in a filing to Bursa Malaysia today.
For the first nine-month period, its net profit increased by 7.22 per cent to RM138.8 million from RM129.46 million in the same period in 2018, while revenue rose 15.9 per cent to RM5.21 billion from RM4.49 billion previously.
Going forward, the group said the yearly increase in natural gas sale volume and the number of customers were expected to sustain for the 2019 financial year.
“The profitability of the group for the financial year ending Dec 31, 2019 is expected to be in tandem with the level reflecting the prevailing tariff setting mechanism framework,” it added.
KUALA LUMPUR, March 28 -- Bank Pembangunan Malaysia Bhd (BPMB) will provide all relevant support to its customers facing difficulties including granting a moratorium on repayments/payments of loans/financings for a period of six months.
KUALA LUMPUR, March 27 – Tenaga Nasional Berhad (TNB) has pledged RM150 million to support the government’s announcement of a tiered electricity rebate to assist affected Malaysians following the extension of the Movement Control Order (MCO) period until April 14.
KUALA LUMPUR, March 26 -- Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah has expressed confidence on the preparedness of Tenaga Nasional Bhd (TNB) in revving up its capacity to meet electricity supply demand in the Peninsula during the Movement Control Order (MCO).
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