Petronas Dagangan Bhd, the retail unit of Malaysia’s state oil and gas company, has reported a 82% drop in its first quarter profits to RM14.3 million. (US$1=RM3.8). The company said higher crude oil prices undermined its margins. Its revenue rose 35% to RM2.3 billion on higher sales volume. Its earnings per share for the quarter…
MALAYSIA: Petronas Dagangan reports sharply lower Q1 net profit of RM14.3 million
Posted on August 26, 2002 by EnergyAsia