Petronas posts RM16.5bil loss

PETALING JAYA: Petroliam Nasional Bhd (Petronas) posted a net loss of RM16.5bil in the first half ended June 30, 2020 due to impairments and weaker oil prices.

The national oil company said this would affect its dividend payout to the government as it reported a net loss, in contrast with a net profit of RM28.9bil a year ago.“Excluding impairment loss, the group would have recorded net profit of RM7.7bil,” it said yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Petroliam Nasional Bhd , Petronas , loss , oil


Next In Nation

Give us time to adjust, urge small businesses
Ta-ta to the Turf Club?
Survey shows most Malaysians not interested in physical activities
Resistance expected against any high-rise development plan
Mandatory e-invoice countdown clock starts next week
Experts: Including BMI in evaluation could be discriminatory
Cops arrest four in connection with four-wheel drive vehicle thefts
Trader robbed of RM15,000 gold necklace by machete-wielding suspect in Buntong
Sungai Bakap assemblyman laid to rest
Notification of Sungai Bakap seat vacancy to be sent to EC on May 25, says Penang CM

Others Also Read