PDB Records Strong Third Quarter Performance

Last update: 10/11/2017

KUALA LUMPUR, Nov 10 (Bernama) -- PETRONAS Dagangan Berhad (PDB) delivered strong earnings for the third quarter of 2017 contributed by higher sales volume, improved margins as well as gain on disposal of its subsidiary. Profit After Tax (PAT) including discontinued operations was RM762.5 million, which is more than 100% against corresponding quarter last year. PAT from continuing operations was RM334.6 million, 37% higher than corresponding quarter last year.

Revenue for the quarter rose by 22% to RM6,694.0 million from RM5,480.2 million driven by 3% increase in sales volume and an 18% increase in average selling price, in tandem with higher average Mean of Platts Singapore prices.

For the full text, click here.