Thursday, 22 August 2013

Petronas Dagangan Bhd (PDB) Q2 revenue surges to RM7.92b

KUALA LUMPUR: Petronas Dagangan Bhd (PDB) says its revenue surged by RM440.6 million, or 5.8 per cent, to RM7.92 billion in the second quarter ended June 30, compared to the corresponding quarter last year.

In a statement yesterday, the company said the growth was a result of an increase in sales volume, which grew by 9.7 per cent.

Retail business continued to be the main contributor to revenue growth, recording an increase of 4.3 per cent for overall sales volume compared with the same quarter last year.

In the same quarter, PDB recorded a net profit of RM197 million compared with RM171 million in the corresponding period last year, while earnings per share increased to 19.8 sen from 17.3 sen.

Managing director and chief executive officer Aminul Rashid Mohd Zamzam said the strong growth is in spite of volatility of the global crude oil price, which continues to impact the industry.

"We have performed better than last year through continuous marketing and promotion exercises, as well as cost optimisation efforts," he said.

Aminul Rashid said PDB's financial position remains strong with shareholders' fund at RM4.84 billion as at June 30, compared with RM4.81 billion recorded at the end of last year. Cash balances also saw an increase to RM1.05 billion compared with RM251.3 million previously.

"The board has declared an interim dividend of 16.3 sen per ordinary share less tax at 25 per cent, amounting to RM121.4 million.

"There is also an interim dividend using single tier of 1.2 sen per ordinary share amounting to RM11.92 million in the second quarter ended June 30 this year," he added.

Read more: PDB Q2 revenue surges to RM7.92b

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