Petronas Gas posts higher FY2024 net profit of RM1.84b, declares 22 sen dividend

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Petronas Gas posts higher FY2024 net profit of RM1.84b, declares 22 sen dividend - Malay Mail

Quick Summary:

KUALA LUMPUR, Feb 21 — Petronas Gas Bhd (PGB) recorded a higher net profit of RM1.84 billion in the financial year ended...

PGB managing director and chief executive officer Abdul Aziz Othman said the group is expected to deliver healthy financial performance for 2025 on the back of continued solid operational performance.“While operating costs are projected to rise, including costs associated with newly completed assets, the group is committed to optimising cost efficiencies to mitigate the impact.“Additionally, the Group will continue to prioritise sustainable growth initiatives and strive to maximise returns for shareholders,” he added.

PGB said the lower net profit was in tandem with lower gross profit and the impact of a lower share of profit from joint venture companies.