KUALA LUMPUR, Nov 24 (Bernama) — PETRONAS Dagangan Berhad announced a record quarterly sales volume of 4.18 billion litres for the quarter ended 30 September 2023 (Q3 FY2023), demonstrating its ability to weather challenging market conditions.
This growth is attributed to PETRONAS Dagangan’s strategic efforts to boost sales volume, driven by increased international and domestic travel during public holidays and improved domestic household spending throughout Q3 FY2023. Both the Commercial and Retail segments played pivotal roles in driving this success, underscoring PETRONAS Dagangan’s unwavering commitment to meeting the diverse needs of its customer base. However, unfavourable market price movements impacted the Company’s profitability, resulting in a decline of 34 per cent and 30 per cent in pre-tax profit compared to the corresponding and preceding quarters, respectively. Amid these challenges, PETRONAS Dagangan achieved a notable 17 per cent increase in pre-tax profit for the year to date, reaching RM1.05 billion.
