Petron Malaysia chairman Ramon S. Ang
KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd
posted a net profit of RM103mil in the first quarter ended March 31, a complete turnaround from a net loss of RM83.6mil in the same quarter last year.
In a statement, Petron said the gains were driven by favorable international oil prices, the gradual return of the domestic fuel consumption that has since been affected by the pandemic, and the Company’s continued cost-saving measures.
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