PETALING JAYA: Petronas Dagangan Bhd’s (PetDag) net profit for its third quarter ended Sept 30 dropped 11% to RM212.66mil from RM239mil in the previous corresponding period, mainly due to lower gross profit resulting from lower volumes, but cushioned by lower product cost in its retail segment.
In a filing with Bursa Malaysia yesterday, the company said the reduction was offset by lower operating expenses, mainly contributed by lower advertising and promotion activities and transportation cost, in line with lower sales volume.