Malaysia: Petronas Posts Record Revenues
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Wednesday, 16 July 2008 |
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The Petronas Group delivered another record performance for the financial year ended March 31, 2008.
Petronas registered a 21.2 percent increased in revenue to RM223.1
billion from RM184.1 billion in 2007, amidst a more complex and
increasingly challenging global oil and gas industry environment.
In annual report released Tuesday of this week said its pre-tax profit
increased to RM95.5 billion, up 25.2 percent from RM76.3 billion
previously, while net profit increased to RM61 billion or 31.5 percent
from RM46.4 billion.
Total assets surged to RM339.3 billion or 15.2 percent from RM294.6
billion last year. Shareholders fund improved to RM201 billion from
RM170.9 billion, an increased of 17.6 percent.
The biggest contributor to Petronas' revenue was from its international
operations which constituted 40.3 percent of the group's earnings.
Export and domestic operations contributed 38.9 percent and 20.8
percent respectively.
The international operation posted RM90 billion in revenue, an increase
of 33.1 percent from RM67.6 billion from the previous year, while
exports stood at RM86.8 billion from RM73.4 billion, while domestic
RM46.3 billion from RM43.1 percent.
PetrolWorld 150708
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