PetDag shares down on lower Q1 results

KUALA LUMPUR: Petronas Dagangan Bhd's share on Bursa Malaysia was weaker in the morning session on Wednesday after the company posted below-expectation first quarter results.

Alliance Research Sdn Bhd said Petronas Dagangan's net profit of RM157.2mil represented only 17% and 16% of the research house's consensus full year estimates.