KUALA LUMPUR, March 8 (Bernama) — PETRONAS today announced a strong performance for its financial year ended 31 December 2018, contributed by the Group’s continuous focus on fiscal discipline and operational excellence while improving efficiencies, despite a volatile market.
The Group’s revenue increased by 12 per cent to RM251.0 billion compared to RM223.6 billion in the financial year ended 31 December 2017, mainly due to higher average realised prices for all key products. The increase was partially offset by the effect of the strengthening of the Ringgit against US Dollar exchange rate, coupled with the impact of lower sales volume, mainly for LNG.
