KUALA LUMPUR: CIMB Equities Research said Petronas Dagangan's 1H14 performance undershot expectations, with its net profit forming only 42% of its FY14 forecast and 37% of consensus due to higher costs.
It said on Friday that after a disappointing dividend per share (DPS) of 12 sen for 1Q14, the company surprised with a DPS of 14 sen for 2Q14, higher than its usual DPS of 13.1 sen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!