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
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

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

   

Next In Business News

Kenanga maintains 'outperform' on Dialog as outlook remains intact
Bursa continues to edge lower as Wall Street stays flattish
Trading ideas: MISC, SP Setia, Gas Malaysia, Mega First Corp, Dayang, Sunway REIT, Magnum, Dialog, Kobay and AME Elite
Proton finalises deal to sell and service EVs
China plans more fiscal stimulus as economy outlook darkens
MAA: Total vehicle sales up more than 500% y-o-y in July
Federal Court rules in favour of SC over auditor
S P Setia secures RM1.67bil sales in 1H
Ringgit eases against US dollar
AmBank poised for positive returns in FY23

Others Also Read