Gas Malaysia Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of MYR 1,503,186,000 compared to MYR 1,281,631,000 a year ago. Profit before zakat and taxation was MYR 63,700,000 compared to MYR 45,549,000 a year ago. Net profit for the period was MYR 48,074,000 compared to MYR 33,579,000 a year ago. Net profit attributable to owners of the parent was MYR 48,074,000 or 3.74 sen per basic and diluted share compared to MYR 33,758,000 or 2.63 sen per basic and diluted share a year ago. The Group's revenue for the second quarter ended 30 June 2018 representing an increase of 17.3%. This was mainly due to higher volume of natural gas sold and higher natural gas tariff. The profit before zakat and taxation increased by 39.8% was mainly due to higher gross profit which is in line with the increase in volume of natural gas sold and partly offsetted by higher operating expenses.

For the six months, the company reported revenue of MYR 2,938,435,000 compared to MYR 2,467,341,000 a year ago. Profit before zakat and taxation was MYR 118,478,000 compared to MYR 89,404,000 a year ago. Net profit for the period was MYR 88,286,000 compared to MYR 65,909,000 a year ago. Net profit attributable to owners of the parent was MYR 88,286,000 or 6.88 sen per basic and diluted share compared to MYR 66,185,000 or 5.15 sen per basic and diluted share a year ago. Net cash flows generated from operating activities was MYR 267,251,000 compared to net cash flows used in operating activities of MYR 6,070,000 a year ago. Purchase of property, plant and equipment was MYR 49,972,000 compared to MYR 47,175,000 a year ago.

The Board anticipates that the yearly increase in natural gas sale volume and number of customers will sustain for the financial year 2018. The profitability of the Group for the financial year ending 31 December 2018 is expected to be in tandem with the level reflecting the prevailing tariff setting mechanism framework.