Malaysia's Petronas posts record profit of $12.9 bil

(Kyodo) _ Malaysia's state-owned oil company Petroliam Nasional Bhd. announced Thursday another record profit for the financial year that ended March 31, on the back of higher sales and rocketing oil prices.

Better known as Petronas, Malaysia's biggest company recorded a 13.2 percent increase in net profit to $12.9 billion from a revised figure of $11.4 billion a year earlier.

The Petronas Group saw its revenue rose 14.9 percent to $51.0 billion from $44.4 billion in the previous year.

The group also controls several listed units such as shipping firm Malaysia International Shipping Corp. Bhd., retail gasoline station operator Petronas Dagangan Bhd. and gas distributor Petronas Gas Bhd.

"This year saw crude oil prices remaining high as global demand, particularly from the transportation sector, continued to increase on the back of strong economic growth especially from China and India," Petronas said in a statement.

During the financial year under review, Malaysia's benchmark Tapis crude rose 11.2 percent to $68.50 per barrel.

Against this positive backdrop, Petronas Chief Executive and President Hassan Marican told a press conference the 2006-2007 year had also been challenging as costs escalated and there was still a lack of engineering and construction capacity to meet demand coupled with a shortage of skilled workers.

"It was a tough year for the industry. However, we managed to swim the tide," he said.

The high demand and soaring oil prices of the last few years have not only brought windfalls to Petronas but also to the government, as Petronas is the single largest contributor to government coffers.

For this financial year, it paid a total of 48.3 billion ringgit ($14.0 billion) in taxes, dividends, royalties and export duties, making up 35.4 percent of the government's total revenue.

Petronas is one of the few well-run, government-linked companies, and the most international. It has presence in 33 countries and 36.7 percent of its revenue was derived from its overseas operations as domestic production declined by 2.7 percent to 1.13 million barrels of oil equivalent per day.

Malaysia's total reserves of crude oil, condensates and natural gas, as of Jan. 1, stood at 20.18 billion boe, up from 19.91 boe a year earlier.

Petronas Sumbang RM48.3 Bilion Kpd Kerajaan

KUALA LUMPUR, 28 Jun (Bernama) -- Sumbangan perbadanan minyak nasional, Petronas, kepada kerajaan dalam tahun kewangannya yang berakhir 31 Mac, 2007, meningkat kepada RM48.3 bilion daripada RM41.7 bilion sebelum ini.

Pembayaran di segi duti merupakan sumbangan tertinggi, yang berjumlah RM21.8 bilion, diikuti dividen sebanyak RM16 bilion, royalti sebanyak RM8.5 bilion dan duti eksport sebanyak RM2 bilion, kata Presiden Petronas Tan Sri Hassan Marican kepada pemberita di sidang media di sini.

Dividen itu tidak termasuk dividen interim kedua sebanyak RM6 bilion dan dividen akhir sebanyak RM10 bilion bagi tahun kewangan 2007 dan yang akan dibayar dalam tahun kewangan 2008, kata Hassan.

"Sehingga ini, kami telah memulangkan RM336 bilion kepada kerajaan," katanya.

Petronas kekal sebagai penyumbang terbesar tunggal kepada perolehan kerajaan, yang meningkat 35.4 peratus bagi tahun kewangan berakhir 31 Mac, 2007, berbanding dengan 34.4 peratus dalam tahun sebelum ini.

-- BERNAMA

1 comments:

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Malaysia's Petronas posts record profit of $12.9 bil

(Kyodo) _ Malaysia's state-owned oil company Petroliam Nasional Bhd. announced Thursday another record profit for the financial year that ended March 31, on the back of higher sales and rocketing oil prices.

Better known as Petronas, Malaysia's biggest company recorded a 13.2 percent increase in net profit to $12.9 billion from a revised figure of $11.4 billion a year earlier.

The Petronas Group saw its revenue rose 14.9 percent to $51.0 billion from $44.4 billion in the previous year.

The group also controls several listed units such as shipping firm Malaysia International Shipping Corp. Bhd., retail gasoline station operator Petronas Dagangan Bhd. and gas distributor Petronas Gas Bhd.

"This year saw crude oil prices remaining high as global demand, particularly from the transportation sector, continued to increase on the back of strong economic growth especially from China and India," Petronas said in a statement.

During the financial year under review, Malaysia's benchmark Tapis crude rose 11.2 percent to $68.50 per barrel.

Against this positive backdrop, Petronas Chief Executive and President Hassan Marican told a press conference the 2006-2007 year had also been challenging as costs escalated and there was still a lack of engineering and construction capacity to meet demand coupled with a shortage of skilled workers.

"It was a tough year for the industry. However, we managed to swim the tide," he said.

The high demand and soaring oil prices of the last few years have not only brought windfalls to Petronas but also to the government, as Petronas is the single largest contributor to government coffers.

For this financial year, it paid a total of 48.3 billion ringgit ($14.0 billion) in taxes, dividends, royalties and export duties, making up 35.4 percent of the government's total revenue.

Petronas is one of the few well-run, government-linked companies, and the most international. It has presence in 33 countries and 36.7 percent of its revenue was derived from its overseas operations as domestic production declined by 2.7 percent to 1.13 million barrels of oil equivalent per day.

Malaysia's total reserves of crude oil, condensates and natural gas, as of Jan. 1, stood at 20.18 billion boe, up from 19.91 boe a year earlier.

Petronas Sumbang RM48.3 Bilion Kpd Kerajaan

KUALA LUMPUR, 28 Jun (Bernama) -- Sumbangan perbadanan minyak nasional, Petronas, kepada kerajaan dalam tahun kewangannya yang berakhir 31 Mac, 2007, meningkat kepada RM48.3 bilion daripada RM41.7 bilion sebelum ini.

Pembayaran di segi duti merupakan sumbangan tertinggi, yang berjumlah RM21.8 bilion, diikuti dividen sebanyak RM16 bilion, royalti sebanyak RM8.5 bilion dan duti eksport sebanyak RM2 bilion, kata Presiden Petronas Tan Sri Hassan Marican kepada pemberita di sidang media di sini.

Dividen itu tidak termasuk dividen interim kedua sebanyak RM6 bilion dan dividen akhir sebanyak RM10 bilion bagi tahun kewangan 2007 dan yang akan dibayar dalam tahun kewangan 2008, kata Hassan.

"Sehingga ini, kami telah memulangkan RM336 bilion kepada kerajaan," katanya.

Petronas kekal sebagai penyumbang terbesar tunggal kepada perolehan kerajaan, yang meningkat 35.4 peratus bagi tahun kewangan berakhir 31 Mac, 2007, berbanding dengan 34.4 peratus dalam tahun sebelum ini.

-- BERNAMA

1 comment:

Rodrigo said...

Oi, achei teu blog pelo google tá bem interessante gostei desse post. Quando der dá uma passada pelo meu blog, é sobre camisetas personalizadas, mostra passo a passo como criar uma camiseta personalizada bem maneira. Se você quiser linkar meu blog no seu eu ficaria agradecido, até mais e sucesso. (If you speak English can see the version in English of the Camiseta Personalizada. If he will be possible add my blog in your blogroll I thankful, bye friend).