Petronas Gas Berhad (PGB or the Group) has posted a solid Profit After Tax (PAT) of RM1.50 billion for the first nine months of 2024 (9MFY2024), reflecting a 4.8 per cent increase compared to the RM1.44 billion recorded in the same period last year, driven by strong operational performance.
In a statement issued today, the company also announced a third interim dividend of 18 sen per share, maintaining the same rate as the previous quarter, underscoring its continued value delivery to shareholders.
It said the revenue increase was largely attributed to higher earnings from the Gas Processing segment, driven by elevated reservation charges under a new term agreement.
“Additionally, improved margins in the Utilities segment, fuelled by lower fuel gas costs following a decline in the Malaysian Reference Price (MRP), further supported the Group’s financial performance.”
