KUALA LUMPUR (April 23): Petronas Gas Bhd (PetGas) is committed to creating sustainable value from its core businesses while pursuing growth.

This commitment involves securing high-impact projects by leveraging PetGas’ core competencies and exploring industry-adjacent opportunities, the group stated in a release on Tuesday, in conjunction with its 41st annual general meeting (AGM).

"PetGas' efforts in upholding strength, resilience, and sustainability are anchored in its strategic agenda of pursuing growth while maintaining commercial, project, and operational excellence," the statement read.

Additionally, PetGas said it is is integrating sustainability into all decision-making processes, prioritising economic growth and sustainable development equally at all levels.

During the virtual AGM, managing director and chief executive officer Abdul Aziz Othman highlighted the group's strong 2023 financial performance, with profit after tax increasing by 8.1% to RM1.9 billion compared to the previous year.

"Backed by the improved performance, the group declared a total dividend of 72 sen per share," he said.

Despite the persistently challenging environment, Abdul Aziz expressed optimism about delivering another resilient performance as the group continues its efforts.

The AGM was chaired by PetGas chairman Adnan Zainol Abidin, and was attended by senior independent director Farina Farikhullah Khan and chief financial officer Shahrul Azham Sukaiman.