KAJANG: Petroliam Nasional Bhd (Petronas) will remain committed to paying a dividend of RM32 billion to the government this year, said Second Finance Minister Datuk Seri Amir Hamzah Azizan.
He said that there will be no reduction in Petronas' dividend payment to the government for this year.
ALSO READ: PETRONAS posts 32% profit drop in FY24 amid lower prices, tax adjustments
"I believe Petronas' commitment is still at the level of RM32 billion and will be paid this year. However, like other businesses, when there are increases or decreases, we will look at the financial capacity next year because dividends are based on the previous year's performance," he said after the launch of the 2024 Property Market Report here, today.
Asked about the proposed dividend amount for next year, Amir Hamzah said it depends on Petronas' performance.
"We will see how Petronas' financial performance and the oil market do," he said.
ALSO READ: PETRONAS evaluating rightsizing efforts
Petronas' net profit fell by 32 per cent to RM55.1 billion for the financial year ending Dec 31, 2024 (FY2024), compared to RM80.7 billion in FY2023.
Revenue for FY2024 decreased by 7.0 per cent to RM320 billion from RM343.6 billion in the previous year, due to lower average realised prices, although this was negated by higher sales volume. - Bernama
