KUALA LUMPUR, Feb 22 (Bernama) — For the financial year ended 31 December 2020, PETRONAS Dagangan Berhad (PDB)’s sound business strategy and financial prudence have supported the Company’s performance, recording a Profit Before Tax (PBT) of RM386.4 million. This is despite being faced by external challenges including the sharp decline of petroleum product prices at the start of FY2020 and the ensuing COVID-19-related movement restrictions.
Revenue for the year was RM18,710.9 million compared to RM30,293.6 million in the preceding year, primarily impacted by lower sales volume and decrease in average selling prices.