The decrease in average selling price was due to the decrease in Mean of Platts Singapore (MOPS) prices. It also declared an interim dividend of 14 sen per share amounting to RM139.08 million for the financial year ending Dec 31, 2016 (FY16), payable on Dec 8. In a filing with Bursa Malaysia today, PetDag said it expects to complete the sale of its subsidiary Thang Long LPG Co Ltd (TLLCL) by the end of 2016. On Sept 30, 2016, TLLCL comprised assets amounting to RM15.9 million less liabilities of RM100,000. PetDag shares closed up 2 sen or 0.09% at RM23.36 today, bringing a market capitalisation of RM23.21 billion.

Source: The Edge Markets November 08, 2016 13:25 UTC