KUALA LUMPUR, Nov 23 (Bernama) -- Petronas Dagangan Bhd recorded a higher pre-tax profit of RM275.914 million in the second quarter ended Sept 30, 2009 compared to the pre-tax profit of RM182.933 million posted in the same quarter of 2008.
However, revenue dropped to RM5.152 billion from RM7.69 billion, the company said in a statement to Bursa Malaysia here Monday.
For the six months ended Sept 30, the company posted a pre-tax profit of RM557.98 million on the back of revenue of RM9.932 billion.
The company said the decrease in revenue for the quarter was the result of lower average product selling prices.
On the current financial year, the company anticipated that demand conditions would be challenging but market leadership is projected to be maintained with continuous strategic marketing efforts and initiatives.
However, profits for the current financial year would be impacted by fluctuations in petroleum product costs, given the uncertainties in international oil prices and the global economy.
-- BERNAMA
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