BUSINESS

PETRONAS DAGANGAN NET PROFIT FOR FY22 RISES TO RM776.60 MLN

24/02/2023 04:31 PM

KUALA LUMPUR, Feb 22 (Bernama) -- Petronas Dagangan Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) rose to RM776.60 million compared to RM529.75 million the year before.

Revenue expanded to RM36.75 billion from RM22.67 billion, the group said in a filing with Bursa Malaysia today.

The higher net profit was mainly contributed by higher gross profit from all segments following an increase in demand during the period, it said.

“The increase was further contributed by higher other income due to a one-off gain from disposal of the liquefied petroleum gas (LPG) business in Sarawak,” it added.

For the fourth quarter, the group’s net profit advanced to RM144.46 million compared to RM137.19 million recorded in the same quarter a year before while revenue widened to RM9.50 billion from RM7.11 billion previously.

It said the higher net profit during the quarter was mainly due to higher gross profit from retail and commercial segments and an increase in other income.

-- BERNAMA


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