KUALA LUMPUR: CIMB Equities Research said Petronas Dagangan's 1H14 performance undershot expectations, with its net profit forming only 42% of its FY14 forecast and 37% of consensus due to higher costs.
It said on Friday that after a disappointing dividend per share (DPS) of 12 sen for 1Q14, the company surprised with a DPS of 14 sen for 2Q14, higher than its usual DPS of 13.1 sen.
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