PETALING JAYA: Gas Malaysia Bhd
had a good start for its first quarter ended March 31 (Q1FY21) with core profit rising 16% year-on-year (y-o-y) to RM55.6mil.
The results came in within analysts’ expectations, of which the group’s sales volume has normalised to pre-Covid-19 level since Q4FY20.
Despite revenue falling 28% to RM1.15bil, the jump in earnings was largely due to a hike in total gas sales volume.
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