Petronas posts RM53b net profit on efficiency gains


Dateline 2012-03-05:

State oil firm PETRONAS Group has posted RM53 billion net profit for the nine months ended December 31, 2011, excluding gains, owing to higher margins from improved plant performance.

Group revenue also improved by 26.9 per cent from the 2010/11 financial year to RM222.8 billion on the back of higher realised prices and improved gas sales volume.

Gross operating profit after tax surged 30 per cent to RM52.4 billion from the previous financial year, with the group’s energy and production division recording the highest incremental contribution on stronger crude prices.

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This entry was posted on Sunday, March 25th, 2012 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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