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Petron posts record breaking net profit in 2QFY22 as strong oil prices widen margin

KUALA LUMPUR (Aug 25): Petron Malaysia Refining & Marketing Bhd’s net profit rocketed to all-time high of RM183.48 million for the second quarter ended June 30, 2022 (2QFY22), more than four times of RM42.01 million achieved a year ago.

Petron Malaysia records RM183 48mil net profit as demand for fuel recovers

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd saw its net profit for the second quarter jump more than four-fold to RM183.48 million from RM42.01 million posted in the same quarter last year as demand for fuel recovered with the removal of restrictions on travel and business activities.

Maybank, MAHB, IHH, Press Metal, Genting, GenM, PPB, DRB-Hicom, Sime Darby Property, 7-Eleven, Tomei, Petron, Careplus, YTL, YTL Power, TNB, TM and Cycle & Carriage

Here is a brief look at some corporate announcements and news flow on Thursday (Aug 25), which include Malayan Banking Bhd, Malaysia Airports Holdings Bhd, IHH Healthcare Bhd, Press Metal Aluminium Holdings Bhd, Genting Bhd, Genting Malaysia Bhd, PPB Group Bhd, DRB-Hicom Bhd, Sime Darby Property Bhd, 7-Eleven Malaysia Holdings Bhd, Tomei Consolidated Bhd, Petron Malaysia Refining & Marketing Bhd, Careplus Group Bhd, YTL Corp Bhd, YTL Power International Bhd, Tenaga Nasional Bhd, Telekom Malaysia Bhd and Cycle & Carriage Bintang Bhd.

Energy Index declines amid recession fears, supply constraints

KUALA LUMPUR, July 4 The Energy Index, which tracks oil and gas companies’ share prices on Bursa Malaysia, declined in the morning session today amid recession fears as well.

The biggest losers and gainers on Bursa Malaysia in 1H

KUALA LUMPUR (July 1): Malaysia, like most Asian markets, did not escape the stock equity rout in the first half of this year that was fuelled by the global tightening sparked by an aggressive US Federal Reserve, and the Ukraine-Russian war.

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