KUALA LUMPUR, April 27 (Bernama) -- PETRONAS Gas Berhad Group of Companies (PGB or the Group) ended the 2021 financial year with stellar results having surpassed the RM2 billion Profit After Tax (PAT) mark for the second consecutive year at RM2.11 billion, one per cent higher than the previous year. With these commendable financial results, the Group declared total dividends of 82 cents per share for the year including a special dividend of 10 cents per share, which translates to a dividend payout ratio of 81.6 per cent.
 
The results were announced at PGB’s virtual 39^th Annual General Meeting (AGM) that was held earlier today to present the Group’s 2021 performance to its shareholders. The AGM was chaired by PGB’s Chairman, Adnan Zainal Abidin, together with PGB’s Managing Director and Chief Executive Officer, Abdul Aziz Othman and PGB’s Chief Financial Officer, Shariza Sharis Mohd Yusof.
 
Adnan highlighted that PGB continues to deliver a robust performance with its businesses mostly shielded from market forces with long-term contracts secured. Despite a highly challenging business environment throughout 2021, the Group successfully navigated the challenges to ensure the security of Malaysia’s gas supply. Adnan added, “Through innovative efforts, we sustained operational excellence in the safest possible manner, delivered world-class operational performance and remained profitable.”
 
The financial year 2021 saw PGB fulfil its commitments in delivering gas across Malaysia through safe and effective operations, leveraging on digital technologies to ensure uninterrupted business and continuous communication between staff and various stakeholders. Additionally, pandemic mitigation measures established in 2020 are continuously being improved to ensure zero supply interruptions and business continues to progress.
 
During the AGM, Abdul Aziz highlighted that PGB’s strong performance was achieved through the Groups’ focus to ensure its businesses adapt to PGB’s diverse stakeholders and growing portfolio of customers. PGB’s current transformation agenda, 301Q99 Pushing Forward PLUS, continues to drive the Group’s operational and commercial excellence amidst a liberalised gas industry. This, in return, saw PGB successfully balance lower costs through optimised operations and higher asset reliability, amidst the increased level of activities at growth projects announced during the year.
 
“Moving forward in 2022, PGB will continue seizing opportunities to deliver gas solutions in a responsible and sustainable manner, while progressing and realising our identified growth projects. These include pursuing integrated solutions for power and utilities at new industrial zones in Malaysia, growing power generation and regasification capacities in Malaysia and regional, as well as step out opportunities brought about by the energy transition,” Abdul Aziz added.
 
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Issued by:
PETRONAS Gas Berhad
  
About PETRONAS Gas Berhad
 
PETRONAS Gas Berhad (PGB) was incorporated in 1983 as a wholly owned subsidiary of PETRONAS and listed on the main market of Bursa Malaysia on 4 September 1995. PGB is 51% owned by PETRONAS, while the remaining shares are held by other institutional investors and retail shareholders.
 
It is Malaysia’s leading Gas Infrastructure and Utilities company with core businesses in Gas Processing, Gas Transmission and Regasification. The Company processes natural gas piped from offshore fields and transports the processed gas via the Peninsular Gas Utilisation (PGU) pipeline network to PETRONAS’ customers in Malaysia and Singapore.
 
In addition, the Group also supplies steam, power and industrial gases for its customers at Kertih Integrated Petrochemical Complex in Terengganu and Gebeng Industrial Area in Pahang. 

Source: PETRONAS GAS BERHAD

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Florence Oh
Tel: +60123081092
Email: florence.oh@petronas.com

--BERNAMA