Petronas gas records pre-tax profit of RM268.716 mln in Q2

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Gas Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30, 2009, compared to a pre-tax profit of RM273.595 million in the corresponding quarter in 2008.

Revenue declined to RM823.188 million from RM849.700 million previously, the company said in an announcement last Friday.



Bernama on Friday erroneously named the company as Petronas Dagangan Bhd. The error is regretted.

For the nine months ended Sept 30, Petronas Gas posted a pre-tax profit of RM623.014 million on the back of a revenue of RM1.609 billion.

The company said the decreased revenue, for the quarter under review, was due to lower throughput revenue.

It said while revenue prospects for gas processing and transmission business would be dependent on demand for gas as well as upstream gas production levels, the margin for the gas processing and transmission business would not be impacted.

The company added prospects for the utilities business would depend on the pace of economic recovery and any variation in gas price would be reflected in the pricing to customers.

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Petronas gas records pre-tax profit of RM268.716 mln in Q2

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Gas Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30, 2009, compared to a pre-tax profit of RM273.595 million in the corresponding quarter in 2008.

Revenue declined to RM823.188 million from RM849.700 million previously, the company said in an announcement last Friday.



Bernama on Friday erroneously named the company as Petronas Dagangan Bhd. The error is regretted.

For the nine months ended Sept 30, Petronas Gas posted a pre-tax profit of RM623.014 million on the back of a revenue of RM1.609 billion.

The company said the decreased revenue, for the quarter under review, was due to lower throughput revenue.

It said while revenue prospects for gas processing and transmission business would be dependent on demand for gas as well as upstream gas production levels, the margin for the gas processing and transmission business would not be impacted.

The company added prospects for the utilities business would depend on the pace of economic recovery and any variation in gas price would be reflected in the pricing to customers.

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