Despite increased sales, downstream company Esso Malaysia Bhd reported a second quarter loss of RM11.48 million as a result of the recent steep rise in crude oil prices. This represented a sharp swing from a net profit of RM73.41million a year earlier. (US$1=RM3.8). Esso Malaysia, which operates a chain of fuel stations, said its marketing…
MALAYSIA: Esso reports second quarter loss on oil price rise
Posted on August 31, 2004 by EnergyAsia