Petron committed to completing major projects

Revenue for the quarter declined to RM2.24bil against RM2.75bil in Q1 2019, mainly due to the negative impact from the Covid-19 pandemic and significant decline in oil prices, it said in a statement.

KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd incurred a net loss of RM83.68mil in the first quarter (Q1) ended March 31,2020 from a net profit of RM57.52mil in the same period last year.

Revenue for the quarter declined to RM2.24bil against RM2.75bil in Q1 2019, mainly due to the negative impact from the Covid-19 pandemic and significant decline in oil prices, it said in a statement.