For the full financial year ending December 31, 2019, Petronas recorded a net profit of RM40.5 billion, 27% lower than the RM 55.3 billion registered the previous year. – The Malaysian Insight file pic, February 26, 2020.
PETROLIAM Nasional Bhd’s net profit plunged 71% to RM4.1 billion in the fourth quarter of 2019 from RM14.3 billion in the same period the previous year. The national oil company said this was mainly due to net impairment of assets and lower revenue, which was partially offset by lower tax expenses. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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