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Petronas' 3Q profit down 22% to RM24 bil

Publish date: Wed, 29 Nov 2023, 07:33 PM

KUALA LUMPUR (Nov 29): Petroliam Nasional Bhd (Petronas) reported a 22.3% decline in its profit after tax to RM23.9 billion for the third quarter ended Sept 30, 2023 (3QFY2023), from RM30.8 billion a year ago.

Revenue declined 16.2% to RM82.9 billion from RM98.9 billion in 3QFY2022, primarily due to lower average realised prices, partially offset by favourable foreign exchange impact, it said in a statement on Wednesday.

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