Petronas president and group CEO Tengku Muhammad Taufik Tengku Aziz
KUALA LUMPUR: Malaysia's state oil firm Petroliam Nasional Bhd (PETRONAS) on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy.
Petronas, as the company is known, reported a profit of RM24.4bil for the three-month period ending December 2022, compared with a profit of 15.7 billion ringgit in the same quarter a year ago.
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