KUALA LUMPUR: Petronas Dagangan Bhd
, which posted a quarterly decline in earnings on the back of reduced retail sales demand, said the global growth outlook remains affected by shifting trade policies, tariff dynamics and geopolitical tension.
"Against this backdrop, the group will continue to monitor the market dynamics and proactively implement relevant strategies and efforts, whilst remaining vigilant on costs to cushion the impact of market volatilities," it said in comments accompanying its results filing.
In the second quarter ended June 30, 2025, PetDag recorded a net profit of RM265.53mil, down from RM276.39mil in the year-ago quarter, which resulted in earnings per share declining to 26.7 sen from 27.8 sen previously.
Revenue during the quarter contracted to RM9.07bil from RM9.84bil in the previous corresponding period.
The board of directors declared an interim dividend of 22 sen per share, going ex on Sept 10, 2025, and payable on Sept 23, 2025.
According to the group's filing, pre-tax profit in the retail segment dropped 23% year-on-year (y-o-y) to RM161.9mil, attributable to lower gross profit from less favourable market conditions and MOPS price trend as well as reduced demand for diesel and mogas, offset by lower expenditure.
The group, however, posted a 9% y-o-y higher pre-tax profit of RM177.8mil in the commercial segment, due to an increase in demand.
The convenience segment recorded a 21% y-o-y jump in pre-tax profit to RM32.6mil due to lower expenditure.
For the first half of 2025, PETRONAS Dagangan registered a net profit of RM559.03mil against RM502.43mil in the year-ago period, while revenue slipped to RM18.16bil from RM19.23bil in the comparative period.
