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Union Gas reports higher revenue but lower earnings as it held down selling prices to retain and gain market share

The Edge Singapore
The Edge Singapore • 2 min read
Union Gas reports higher revenue but lower earnings as it held down selling prices to retain and gain market share
Photo: Albert Chua
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Union Gas has reported revenue of $68.3 million for 1HFY2022, up 11.6%, due to higher prices.

However, the company says it did not pass on higher costs incurred to its customers in a bid to retain customers and gain market share.

As such, earnings for the same period was down 83% y-o-y to $2.4 million.

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