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Union Gas shares gain 9% after H1 earnings climb 76.7% on LPG sales

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UNION Gas Holdings on Thursday posted a 76.7 per cent surge in net profit to S$7 million for the half year ended June 30, 2020 from S$4 million a year ago, led by its retail liquefied petroleum gas (LPG) business. Read more at The Business Times.

Nonetheless, this was partially offset by a decrease in revenue from its other two business segments, namely diesel and compressed natural gas.

An interim dividend of 0.5 Singapore cent per share was declared for the half year, up from 0.3 cent a year ago. The date payable and the record date for the dividend will be announced at a later date, the firm said.reported that Union Gas is in a strong position to weather the Covid-19 pandemic, and that it isThe Catalist-listed firm has

with substantial shareholder Union Energy Corp to purhcase its LPG distribution, bottling and storage businesses.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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