Petronas seen posting strong Q4


Dateline 2020-02-25, NST:

Operational efficiency may help Petroliam Nasional Bhd post better results in the fourth quarter (Q4) ended December 31, 2019 but low oil and natural gas prices could yet jeopardise it, analysts said.

In the third quarter, Petronas’ net profit was slashed by half to RM7.42 billion against RM14.62 billion the year before, mainly due to oil price downturn and net impairment on assets.

However, it was partially offset by lower net product and production costs, as well as lower tax expenses.

Petronas is expected to release its Q4 results this week.

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