Petronas posts 61.7pc profit rise in Q1


Dateline 2012-05-31:

Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) posted a 61.7 per cent increase in first-quarter profit today, saying the rise was mainly due to higher margins and the company’s sale of its stake in Centrica Plc.

The unlisted company said its net profit for the three-month period ended March 31, 2012 rose to RM20.7 billion (US$6.5 billion) from RM12.8 billion a year ago.

Revenue in the three months climbed 14.6 per cent to RM75.2 billion year on year.

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Read more: Petronas posts 61.7pc profit rise in Q1 http://www.btimes.com.my/Current_News/BTIMES/articles/20120531174059/Article/index_html#ixzz1xHb6SHrT

This entry was posted on Thursday, June 28th, 2012 at 6:00 am and is filed under Malaysia, Malaysian election, 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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