KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) saw its net profit drop 32% to RM55.1bil in the financial year ended Dec 31, 2024 (FY24), impacted by lower average realised prices and favourable tax adjustments.
In a statement, the national oil company said the unfavourable realisation of the foreign currency translation reserve, following the divestment of the Engen Group, also impacted its profit.
