23.3 C
Brunei
Saturday, October 1, 2022
23.3 C
Brunei
Saturday, October 1, 2022
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    Petronas’ net profit, revenue surge in Q2

    KUALA LUMPUR (BERNAMA) – Petroliam Nasional Bhd’s (Petronas) net profit jumped to MYR23.0 billion for the second quarter ended June 30, 2022 (Q2 2022) from MYR9.6 billion in the same period a year earlier, in tandem with higher revenue partially offset by higher product costs and taxation.

    The Malaysian oil firm’s revenue also surged to MYR93.3 billion compared with MYR57.1 billion in the same quarter last year, predominantly due to the favourable price impact for all products and favourable impact of the exchange rate.

    Petronas president and group Chief Executive Officer Datuk Tengku Muhammad Taufik Tengku Aziz said the company’s efforts were geared to continue strengthening the energy ecosystem in Malaysia and the countries it operates in.

    “To this end, the group remains committed to creating value that supports Malaysia’s  economic growth.”

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