Dateline 2012-03-05:
Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) posted a 34 percent decline in third-quarter profit on Monday, saying the fall was mainly due to a one-off gain in 2010 from the listing of subsidiaries.
Without that gain, Petronas’ Q3 profit was higher than a year ago on the back of higher crude oil prices and improved margins, it said.
The unlisted firm said its net profit for the nine-month period ended Dec 31, 2011 was 10.6 percent higher than a year ago at 55.57 billion ringgit ($18.5 billion) due to higher crude oil prices, sales and gas production volume.
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Wata - Malaysian Oil and Gas Engineer 