PETROLIAM Nasional Bhd (Petronas) president and chief executive Tan Sri Shamsul Azhar Abbas’ presage has materialised as the oil major’s top and bottom line took a beating for its third quarter ended Sept 30 in tandem with crude oil prices that fell some 15% for the three months.
Revenue for the quarter fell 1% to RM80.4bil compared to a year earlier while net profit declined 12% to RM15.1bil.
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