PetDag 1Q net profit dips 38% to RM118mil

KUALA LUMPUR: Petronas Dagangan Bhd’s (PetDag) net profit tumbled 38% to RM118.5mil in the first quarter ended March 31 against RM191.11mil a year earlier on higher operating expenditure.

Its revenue for the quarter jumped 24% to RM7.62bil from RM5.14bil previously, following higher sales volume by 20% and increased average selling prices by 24%.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Petronas Dagangan , PetDag , Brent , Opec+ , crude oil


Next In Business News

CPO futures forecast to trade with downside bias next week
Proposed telco merger outside MyCC's purview, CEO says
Portugal's EDP betting on floating solar farms in Southeast Asia
Oil price rises more than 2% as supply outages outweigh recession fears
Wall St Week Ahead-Investors brace for pivotal July after dismal first half
Thai Airways aims for 2024 completion of restructuring
Labour issues dominate businesses
Education needs to be realigned to meet industry demand
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess
GST net collection may not be as high as thought

Others Also Read