Union Gas conserving funds for expansion

Slowing of commercial LPG sales during lockdown cushioned by increase in sales to households; company has S$21m war chest for opportunities such as acquisition.

STEADY growth in two of its three business segments over the past three years has put fuel retailer Union Gas Holdings in a strong position to weather the Covid-19 pandemic, and given it room to think about continued expansion and what its next big venture will be.

Revenue and net profits