KUALA LUMPUR, Aug 25 (Bernama) — PETRONAS Gas Berhad (PGB or the Group) closed the first half of 2023 with Profit After Tax (PAT) of RM944 million, a 10.7% increase from the same period in 2022. The commendable performance continued to be underpinned by strong operational performance and further supported by higher profit contribution from joint venture companies, higher income from fund placement as well as lower tax expense.
The strong result demonstrates PGB’s resilience amidst challenging market conditions on the back of long-term contracts under Gas Processing, Gas Transportation and Regasification segments supported by consistent world class operational performance in delivering products and services. The Group’s Gas Processing plants, pipeline network and LNG regasification terminals in Sg. Udang, Melaka (“RGTSU”) and Pengerang, Johor (“RGTP”) have sustained strong reliability performances at close to 100% throughout the first half of the year.
