KUALA LUMPUR: Petronas Dagangan Bhd (PDB) posted a lower net profit of RM276mil in its financial year ended Dec 31,2020 (FY20) compared to RM829.54mil a year earlier as it was affected by external challenges including the sharp decline in petroleum product prices at the start of the year and the ensuing Covid-19-related movement restrictions.
Revenue for FY20 fell to RM18.71bil from RM30.29bil year-on-year primarily impacted by lower sales volume and a decrease in average selling prices.
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