PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) profit for the third quarter fell almost by half, dragged down by lower crude oil prices and net impairment losses.
In a statement yesterday, the national oil company said its profit after tax and profit before tax for the third quarter ended Sept 30 had dropped by 48% and 52% to RM7.42bil and RM9.01bil, respectively, compared to RM14.33bil and RM18.87bil a year earlier.
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