Petronas Dagangan said its retail segment revenue decreased by RM2.04bil mainly due to lower sales volume of 32% in tandem with low demand due to the implementation of the Movement Control Order (MCO) as well as lower average selling prices by 30%.
KUALA LUMPUR: Petronas Dagangan Bhd
posted lower net profit of RM3.51mil on revenue of RM2.93bil in the second quarter ended June 30,2020 due to a decline in the retail and commercial segments.
It said on Tuesday the 2Q weaker financial performance was in stark contrast with net profit of RM172.75mil on revenue of RM7.60bil a year ago. Earnings per share were 0.4 sen compared with 17.40 sen a year ago. It declared an interim dividend of five sen a share compared with 14 sen last year.
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