In a filing with Bursa Malaysia, PetDag said revenue from its retail segment rose by RM95.1mil due to the higher sales volume recorded, which was mainly contributed by diesel.
PETALING JAYA: Despite a 10.3% rise in revenue for the fourth quarter of financial year 2016, Petronas Dagangan Bhd
(PetDag) saw its net profit plunging 83.2% to RM46.6mil due to the slump in petroleum product prices in November and December last year.
For the three-month period ended Dec 31, 2018, the group saw its revenue rising to RM7.9bil on the back of higher sales volume and an increase in average selling prices.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
