Gas Malaysia’s FY2022 earnings, revenue surge on higher average natural gas selling price

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KUALA LUMPUR, Feb 17 — Gas Malaysia Bhd’s net profit surged to RM389.54 million in the financial year ended December 31, 2022 (FY2022) from RM249.62 million a year earlier....

KUALA LUMPUR, Feb 17 — Gas Malaysia Bhd’s net profit surged to RM389.54 million in the financial year ended December 31, 2022 from RM249.62 million a year earlier.

Revenue in FY2022 also increased to RM7.65 billion from RM5.85 billion in the previous year, in line with a higher average natural gas selling price, in tandem with global market price, despite the lower volume of natural gas sold during the year.

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