KUALA LUMPUR: Petronas Dagangan Bhd
(PetDag) is expected to sustain its strong performance for the rrest of the year, as it continues to strengthen its core business and foster business growth, amid cautious outlook from potential global headwinds.
“The group aspires to enhance its business segments by focusing on customer service and innovation in retail, capitalising the growth of the air travel industry in commercial, expanding lubricants' customer base and maintaining optimism in LPG.
“PetDag will intensify its efforts in growing its non-fuel business, leveraging technology as well as embracing digital transformation and innovation. This includes upholding a diverse portfolio of products and services at Kedai and Café Mesra,” it said in the notes accompanying its financial results.
In the third quarter ended Sept 30, PetDag’s net profit tumbled 33.1% RM184.7mil, or earnings per share of 18.60 sen against RM275.9mil, or 27.80 sen.
Revenue for the period was lower at RM9.9bil from RM10.13bil a year prior.
In the first nine months, PetDag posted a net profit of RM762.3mil, up 20.6% from RM632.1mil while revenue expanded to RM27.5bil from RM27.2bil previously.
The board has declared an interim dividend of 20 sen per ordinary share amounting to RM198.69mil for the third quarter ended Sept 30, payable on Dec 22.
