PETRONAS Gas managing director and CEO Abdul Aziz Othman
KUALA LUMPUR: Petronas Gas Bhd
(PetGas) is anticipating a "healthy financial performance" in 2025, underpinned by a solid operational performance.
According to the group's managing director and CEO Abdul Aziz Othman the group is committed to optimising cost efficiencies to mitigate the impact of projected higher operating costs, including costs associated with newly completed assets.
"Additionally, the group will continue to prioritise sustainable growth initiatives and strive to maximisereturns for shareholders," he added in a statement.
In the fourth quarter ended Dec 31, 2024, (4QFY24), PetGas posted a net profit of RM417.03mil, down from RM441.59mil, which translated to an earnings per share of 21.08 sen compared to 22.32 sen previously.
The group reported revenue of RM1.62bil during the quarter under review, up from RM1.58bil in 4FY23.
The board of directors declared a fourth interim dividend of 22 sen per share, with ex-date on March 7, 2025, and payment on March 202, 2025.
Over the 12 months of the financial year, the group's net profit came to RM1.84bil as compared to RM1.82bil in FY23, while revenue rose to RM6.54bil from RM6.45bil previously.
