Petronas records RM35.2 billion net profit

PETRONAS has recorded a profit after tax (PAT) of RM35.2 billion for the first nine months of 2021, on the back of a revenue of RM171.4 billion.

The improved performance was attributed to the higher commodity prices, underpinned by the rebound in energy demand as key economies recover from the impact of the COVID-19 pandemic.
Cumulative Period Ended 30 September 2021

For the first nine months of the year, the Group recorded an improved revenue of RM171.4 billion, an increase of 27 per cent from RM134.7 billion in the corresponding period last year. This was predominantly attributable to favourable average realised prices for major products coupled with higher sales volume, mainly for liquefied natural gas (LNG) and sales gas.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 67 per cent to RM72.4 billion from RM43.4 billion, in line with higher revenue recorded. –TMR/ pic by MUHD AMIN NAHARUL