Tuesday, February 22, 2011

Petronas Gas Q3 net income rises 50.4pc

Petronas Gas Bhd, a Malaysian natural gas distributor, said third-quarter net income jumped 50.4 per cent to RM400.7 million from RM266.5 million.

Revenue climbed to RM892.7 million from RM810.9 million a year ago, the company said in an exchange filing today. This was due to higher gas processing and gas transportation revenue, it said in the statement. -- Bloomberg

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