KUALA LUMPUR: Petronas Dagangan Bhd
(PDB) anticipates positive impacts on its performance by capitalising on the rise in air passenger traffic, expanding its product range, and fulfilling the growing needs of the manufacturing and hospitality sectors within the retail and commercial segments.
“The convenience segment will be further complemented by extending more white-label products and expansion of Café Mesra. PDB also aims to leverage on the wide range of vehicle-related features in Setel to encourage more usage among motorists in Malaysia.
“PDB continues to focus on installing additional solar panels at PETRONAS Stations in Peninsular Malaysia, in supporting the advancement of renewable sources,” it said in a filing with Bursa Malaysia.
PDB’s net profit rose 16% to RM275.7mil, or earnings per share of 27.80 sen in the second quarter ended June 30 (2Q23) compared with RM237.7mil, or 23.90 sen a year earlier.
Revenue, however, fell 6.2% to RM8.9bil versus RM9.5bil last year.
In the first half to June 30, it posted a net profit of RM577.5mil on revenue of RM17.5bil.
The board has declared an interim dividend of 18 sen per ordinary share amounting to RM178.82mil for 2Q23, payable on Sept 26.
