PetDag’s net profit up 23-fold in second quarter

During the quarter in review, PetDag’s revenue almost doubled to RM5.14bil from RM2.93bil in the previous corresponding quarter, as average selling prices and total sales volume increased 51% and 16%, respectively.

PETALING JAYA: Petronas Dagangan Bhd (PetDag) saw its net profit jump 23-fold to RM82.14mil for the second quarter ended June 30, 2021 from RM3.51mil in the corresponding quarter a year ago.

The company has proposed an interim dividend of 10 sen per share.