Petronas Dagangan Q3 net profit falls to RM119.31m | Malay Mail

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KUALA LUMPUR, Nov 26 — Petronas Dagangan Bhd’s (PDB) net profit for the third quarter ended September 30, 2021 (Q3 FY2021) fell to RM119.31 million from RM212.66 million compared to the same quarter last year. However, revenue rose to RM5.2 billion from RM4.83 billion previously. PDB told the...

KUALA LUMPUR, Nov 26 — Petronas Dagangan Bhd’s net profit for the third quarter ended September 30, 2021 fell to RM119.31 million from RM212.66 million compared to the same quarter last year.PDB told the stock exchange the group’s sales continued to experience the impact of the Covid-19 pandemic although there were fewer restrictions during the period.

MOPS is the average of a set of Singapore-based oil product price assessments published by Platts, a global energy, petrochemicals, metals and agriculture information provider and a division of S&P Global, according to Wikipedia. “This was due to lower gross profit following lower sales volume as well as lower other income during the current quarter. The decrease was offset by lower operating expenditure, mainly from lower dealer’s commission in line with lower sales volume,” it noted.

 

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