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Petronas Dagangan's Q4'18 net profit slips 83% YOY

Feb 28, 2019 - SNL Energy Finance Daily

PETRONAS Dagangan Berhad, a subsidiary of Petroliam Nasional Bhd., on Feb. 26 reported a fourth-quarter 2018 profit of 47.48 million Malaysian ringgit, down 83% from 280.03 million ringgit in the same period in 2017.

The Malaysian oil and gas refining and marketing company's revenue for the quarter was pegged at 7.9 billion ringgit, up 10% from 7.16 billion ringgit a year ago.

Operating profit totaled 69.5 million ringgit, down from 372.84 million ringgit in the fourth quarter of 201...