According to the company’s website press release on November 2, 2022,
Quarterly Report
For The Third Quarter Ended 30 September 2022
- PETRONAS Gas Berhad revenue stood at RM4,527.3 million, an increase of 9.0% or RM375.6 million mainly driven by higher revenue from Utilities segment on the back of higher product prices and higher electricity sales volume recorded.
- Gross profit was nonetheless lower by 10.7% or RM225.5 million as a result of tighter margin recorded by the Utilities segment due to higher fuel gas costs as well as lower contribution from Regasification and Gas Transportation segments following higher operating costs, mainly internal gas consumption.
- PBT was RM1,741.9 million, decreased by 13.7% or RM275.5 million in tandem with lower gross profit and further reduced by the impact of unfavourable foreign exchange movement.
- Profit for the period declined by 20.1% or RM326.5 million in line with lower PBT coupled with impact of higher effective tax rate from the imposition of Prosperity Tax for year of assessment 2022.
- EBITDA was correspondingly lower by 10.5% or RM288.6 million in tandem with PBT movement.
- EPS decreased by 19.7%, reflecting lower profit attributable to shareholders of the Company.
- The Board of Directors has approved a third interim dividend of 18 sen per ordinary share amounting to RM356.2 million in respect of the financial year ending 31 December 2022.
