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Petronas Q1 net profit up 26% to RM13b on higher revenue, net write-back on impairment


Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin: “Our encouraging performance in the first quarter of the year was attributed to our ongoing transformation efforts."

Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin: “Our encouraging performance in the first quarter of the year was attributed to our ongoing transformation efforts."

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) saw its net profit for the first quarter ended March 31, 2018 rise 26% to RM13bil from a year ago as it benefited from overall business improvement and operational excellence, coupled with a recovery in commodity prices.

The national oil company said on Wednesday the results were also supported by the group’s ongoing focus on overall business improvement initiatives and operational excellence, coupled with a recovery in commodity prices.

Corporate News , Oil & Gas

   

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