Malaysia’s Petronas third quarter profits jump by nearly 20 percent

Dateline 2013-11-13, The China Post:

Malaysian state energy firm PETRONAS said Tuesday its third-quarter net profit rebounded, rising 19.5 percent year-on-year due to higher sales of crude oil and other products.

Revenue for the third quarter was up 19.2 percent to 81.4 billion ringgit compared to 68.33 billion ringgit last year, said the company, Malaysia’s only representative in the Fortune 500.

The increase in revenue was driven by higher sales of crude oil, processed gas and other products on the back of stronger customer demand, together with the effect of the strengthening of the dollar against the ringgit.

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