Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, May 25, 2009

Petronas Dagangan Profit Falls To RM810m

PETRONAS Dagangan Bhd's (PDB) pre-tax profit for financial year ended March 31, 2009, fell to RM810.29 million from RM908.36 million in the same period of 2008.

Revenue, however, rose to RM24.37 billion from RM22.30 billion previously, on the back of higher average selling price during the first half of the calendar year, it said in a statement to Bursa Malaysia today.

It said profit for the next financial year, however, would be impacted by fluctuations in petroleum product costs following uncertainties in the international oil prices and the global economy. The marketing arm of Petroliam Nasional Bhd operates 900 service stations, of which four are hyper-stations and more than 570 are equipped with the retail convenience store, Kedai Mesra.

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