“The lower group revenue recorded RM178.7bil against RM240.3bil in the previous financial year was largely due to the effects of plummeting oil prices, ” it said.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) recorded profit after tax (PAT) of RM10.5bil for FY2020, excluding impairments, which was 78% lower compared to RM48.8bil in FY19 as the global oil industry was impacted by the plunge in oil prices.
The national oil corporation said on Friday the PAT was in line with lower revenue realised, partially offset by lower group costs incurred.
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