Petron to pursue growth opportunities

PETALING JAYA: Petron Malaysia Refining and Marketing Bhd will continue to pursue growth opportunities through investments in retail network expansion, supply chain optimisation and sustainable initiatives.

Going forward, the company told Bursa Malaysia it will navigate 2024 with cautious optimism, as oil price volatility may likely persist.

For the fourth quarter ended Dec 31, 2023, Petron reported a net profit of RM41.42mil compared with a net loss of RM21.37mil in the previous corresponding period, while revenue rose to RM4.49bil from RM4.27bil a year earlier.

The group reported a basic earnings per share of 15.34 sen, versus a loss per share of 7.90 sen previously.