Petron Malaysia net profit expands 26% to RM300.59mil in FY22

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd’s (Petron Malaysia) net profit for the financial year 2022 (FY2022) improved 26 per cent to RM300.59 million, driven in part by "the utilisation of income tax incentives from its diesel hydrotreater investment.”

Revenue increased two-fold to RM18.35 billion, buoyed by growth in volume and elevated oil prices.