Higher oil prices lift Petronas Dagangan's profits higher

KUALA LUMPUR (Bernama) -- Petronas Dagangan Bhd’s net profit jumped to RM82.14 million in the second quarter ended June 30, 2021 from the RM3.15 million recorded in the same period a year ago on the back of improved oil prices and higher volume.

Revenue grew to RM5.14 billion versus RM2.93 billion while its basic earnings per share surged to 8.30 sen from 0.40 sen.