Impressive Q3 for Petronas

Petronas president and group CEO Datuk Tengku Muhammad Taufik (pic) said the third quarter financial performance reflects that the state energy firm continues to focus on its operational and commercial excellence.

KUALA LUMPUR: Malaysia’s state energy firm Petroliam Nasional Bhd (Petronas) posted a stronger set of financial results, recording its highest net profit of RM16.31bil for the third quarter ended Sept 30 (Q3’21) since 2017.

According to its quarterly report posted on its website, its net profit for the quarter was bolstered by higher average realised prices and net impairment write-back on assets.