PETRONAS DAGANGAN BERHAD REGISTERS HIGHER PROFIT OF RM331.7 MILLION FOR Q3 FY2016

08 Nov 2016
Kuala Lumpur, 8 November 2016 – PETRONAS Dagangan Berhad (PDB) registered a profit before tax (PBT) of RM331.7 million, 17.5% higher compared to the preceding quarter.
The Company’s earnings per share was 25.0 sen compared to 21.6 sen in the preceding quarter.

The total equity attributable to shareholders was RM5,166.1 million, an increase by 4% as compared to 31 December 2015.

Despite the challenging market environment, PDB recorded an increase in gross profit by 7% mainly contributed by Retail and Commercial Businesses.

The Retail Business recorded a 19% increase in gross profit due to improved Mogas volume. In addition, there was no impairment on subsidy receivables in the current quarter.

The Commercial Business recorded an 8% increase in gross profit compared to the preceding quarter due to improved margins from aviation and diesel sales.

The LPG Business recorded a marginal decrease in volume while the Lubricant Business maintained its volume performance compared to the preceding quarter.

“We are spurred by our success in Formula One; the third-time victory by the MERCEDES AMG PETRONAS Formula One TM Team is proof of the efforts we have put into producing an innovative fuel that deliver superior performance for the Malaysian market. We further differentiate ourselves from our competitors by continuously applying innovation and enhancements to our products and services. We strive to continuously deliver a satisfying experience to our customers regardless of changes and challenges faced in the industry and economy,” said Mohd Ibrahimnuddin Mohd Yunus, Managing Director and Chief Executive Officer, PDB.
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