PETALING JAYA: Petroliam Nasional Bhd (Petronas) registered a net profit increase of 9% year-on-year to RM14.2bil for the first quarter ended March 31, mainly due to a higher revenue of RM62bil recorded during the quarter.
In a statement yesterday, the national oil company said the net profit achieved during the quarter was partially offset by increased net product and production costs, lower net write-back of assets impairment as well as a higher contribution to the National Trust Fund.
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