Higher contributions from these segments were however offset in part by lower sales of compressed natural gas (CNG) primarily to natural gas vehicles (NGVs) and industrial customers for their commercial use at 50 Old Toh Tuck Road.
SINGAPORE (Feb 27): Union Gas Holdings reported a profit of $4.2 million for the FY17 ended Dec 2017, down 11.1% from $4.7 million a year ago on higher administrative expenses.
Revenue for the full year grew 9.7% to $39.2 million from $35.7 million a year ago, mainly due to higher revenue from the retail of bottled liquefied petroleum gas (LPG) cylinders to households in Singapore, as well as the sale and distribution of diesel to retail and commercial customers.
