PETRONAS Gas Bhd (PGB) closed the first half of 2021 with Profit After Tax (PAT) of RM1.0 billion, a 9% improvement compared to the same period last year.
The solid performance was delivered on the back of improved margins from the Utilities business segment, further supported by favourable foreign exchange movement.
PGB announced an interim dividend of 16 sen per ordinary share for Q2 FY2021, similar to dividend announced for Q2 FY2020.
Managing Director and CEO Abdul Aziz Othman says, “The solid 1H FY2021 results reflects our sound operations and capital management strategy. While we continue to improve our operational efficiency and rationalise costs, we expect a slight increase in overall repair and maintenance compared to last year with relatively more plant reliability activities planned for 2021.
“Moving forward, we will enhance our focus on growth and expansion in Utilities segment by offering integrated energy and utilities solutions to industrial parks in Peninsular Malaysia.”
PGB recently began commercial operation of its third nitrogen generation unit with a total capacity of 16,000 Nm3, located within the PGB’s Kertih Utility Complex. The new unit is targeted to sustain the reliability of supply to existing customers as well as delivering requirements to new customers.
