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Petronas Dagangan posts RM276m net profit for FY20 | Daily Express Online

Published on: Saturday, February 20, 2021 By: Bernama Petronas Dagangan Bhd (PDB) posted a lower net profit of RM276 million. Kuala Lumpur: Petronas Dagangan Bhd (PDB) posted a lower net profit of RM276 million in its financial year ended Dec 31, 2020 (FY20) compared to RM829.54 million a year earlier as it was affected by external challenges including the sharp decline in petroleum product prices at the start of the year and the ensuing Covid-19-related movement restrictions. Revenue for FY20 fell to RM18.71 billion from RM30.29 billion year-on-year primarily impacted by lower sales volume and a decrease in average selling prices. The company said it recorded gradual recovery in the third quarter of 2020 but the re-implementation of the conditional movement control order in the fourth quarter (4Q20) had affected PDB’s growth trajectory.

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KLCI rises as select blue chips lift, regional markets stay lacklustre

At 9.05am, the FBM KLCI was up 4.24 points to 1,580.08. The early gainers included Nestle (Malaysia) Bhd, Greatec Technology Bhd, Kuala Lumpur Kepong Bhd (KLK), MR DIY Group (M) Bhd, Petronas Dagangan Bhd (PetDag), Toyo Ventures Holdings Bhd, Telekom Malaysia Bhd (TM), Press Metal Aluminium Holdings Bhd and Petronas Gas Bhd (PetGas). Bloomberg said Asian stocks opened with declines as investors assess how rising borrowing costs could impact the equity rally. Treasuries retained losses, it said. JF Apex Research said US markets declined overnight as the rally to record highs fizzled following concerns over rising interest rates and inflation as well as worse-than-expected jobless claims data.

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Petronas Dagangan s 4Q profit drops 29 5%, declares lower 17 sen dividend

Petronas Dagangan s 4Q profit drops 29 5%, declares lower 17 sen dividend
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Petronas Dagangan posts RM89 2mil net profit in Q4

Petronas Dagangan posts RM89 2mil net profit in Q4
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AAX, Careplus, PetDag, Malakaoff, Malaysia Smelting, Luxchem, Genetec, AwanBiru, SMTrack, Pimpinan Ehsan and MyEG

AAX, Careplus, PetDag, Malakaoff, Malaysia Smelting, Luxchem, Genetec, AwanBiru, SMTrack, Pimpinan Ehsan and MyEG
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

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