KUALA LUMPUR: Esso Malaysia Bhd’s net profit for the first quarter ended March 31 declined 46.7% to RM82.6mil from RM154.88mil a year earlier. Its revenue, however, rose to RM2.8bil from RM2.6bil.
The company said the drop was primarily due to the decline in margins as higher costing crude oil and finished products impacted the cost of goods sold.
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