CEO Teo Hark Piang is upbeat on the company's business prospects. "We will continue to leverage our upstream and downstream LPG assets to grow this segment by tapping into new opportunities along the supply chain.
Union Gas Holdings has reported a 6% y-o-y drop in revenue for its 1HFY2023 to $64.2 million. However, earnings surged by 137.6% y-o-y to $5.8 million, as it incurred lower costs buying fuel to process and resell.
The company plans to pay an interim dividend of 0.6 Singapore cent per share, which is higher than the total dividend per share of 0.5 Singapore cent paid out for whole of FY2022.
