Petronas sees growth slowdown until 2014

  • Business Premium
  • Tuesday, 06 Mar 2012

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which posted one of the highest ever nine-month results ended Dec 31, forecasts that growth will slow down this year and next due to production issues.

The national oil company, whose new financial year starts from Jan 1 this year from April 1 before, posted a 10.8% rise in net profit to RM55.6bil on higher margins for the nine-month period compared with the previous corresponding period while revenue jumped 26.9% to RM222.8bil due to higher realised prices and improved liquefied natural gas sales volume.

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