PetGas managing director and chief executive officer Kamal Bahrin Ahmad (pic) said the group’s performance for the remaining months was expected to be stable, backed by its efficient operations and long-term commercial arrangements.
PETALING JAYA: The sustainability of Petronas Gas Bhd
’s (PetGas) performance and its efficient operations saw it recording an all-time high quarterly revenue and highest quarterly net profit in five years, even at a time when Covid-19 wreaked havoc on businesses.
The wholly-owned subsidiary of Petroliam Nasional Bhd (Petronas) posted a net profit of RM591.01mil for the third quarter ended Sept 30, which was a 36.94% year-on-year (y-o-y) improvement.
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