MREM - Press Releases

KUALA LUMPUR, April 23 (Bernama) -- PETRONAS Gas Berhad Group of Companies (PGB or the Group) reaffirms its commitment to ensure sustainable value creation from its existing core businesses while pursuing growth. This includes securing more high impact projects by leveraging on PGB’s core competencies as well as other industry-adjacent opportunities. These were shared during PGB’s 41st Annual General Meeting (AGM) which was held earlier today to present the Company’s 2023 performance to its shareholders.

The Group’s efforts in upholding its strength, resilience, and sustainability in the face of challenging environment are anchored on its strategic agenda i.e. pursuing growth while sustaining commercial, project and operational excellence. Concurrently, PGB is also embedding sustainability into every facet of its decision-making processes, aligning the priorities of economic growth and sustainable development as of equal importance at all levels.

PGB Managing Director and Chief Executive Officer (MD/CEO), Abdul Aziz Othman highlighted on the Group’s 2023 strong financial results at the AGM. “The Group’s Profit After Tax rose by 8.1% compared to the previous year, achieving RM1.9 billion. Backed by improved performance, the Group declared total dividends of 72 sen per share”. He added, “Despite the constant challenging environment, we are optimistic in delivering another resilient performance as we focus our efforts moving forward”.

The virtual AGM was chaired by PGB Chairman, Adnan Zainol Abidin, alongside MD/CEO, Abdul Aziz Othman, Senior Independent Director, Farina Farikhullah Khan, and Chief Financial Officer, Shahrul Azham Sukaiman. The rest of board members attended the event virtually.

Issued by
PETRONAS Gas Berhad

About PETRONAS Gas Berhad

PETRONAS Gas Berhad (PGB) is the leading gas infrastructure and utilities company with PETRONAS Group holding 51% of its equity. Incorporated in 1983 and listed on the Main Board of Bursa Malaysia on 4 September 1995, PGB operates four integrated businesses, which are gas processing, transportation, regasification and utilities.

Our strategically located assets and strong operational performance ensures safe and reliable supply of products and services throughout Malaysia and Singapore. With over 30 years of experience in gas and utilities infrastructure operations, PGB steps up to pursue growth opportunities in domestic and emerging market as part of our integrated gas solutions.

PGB is a constituent company member of FTSE4Good Index Series, showing the Company's commitment to operate in a responsible manner in the environmental, social and governance (ESG) fronts.

Further details on PGB can be found at https://www.petronas.com/pgb

SOURCE: PETRONAS Gas Berhad

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

--BERNAMA