KUALA LUMPUR, Aug 26 (Bernama) — For the quarter ended 30 June 2020, PETRONAS Dagangan Berhad (PDB) recorded a Profit Before Tax (PBT) of RM1.2 million as compared to the preceding quarter, where PDB recorded a Loss Before Tax of RM18.4 million. The improvement was a result of stronger demand as activities picked up since the implementation of Conditional Movement Control Order (CMCO) in May 2020. Sales volume for June 2020 has already surpassed April’s sales volume by over 50%.
Comparing against the corresponding quarter last year, the Company’s PBT is lower by RM236.4 million as the COVID-19 pandemic and implementation of Movement Control Order (MCO) in March 2020 has impacted demand significantly. Overall, revenue stood at RM2,931.8 million, 61% lower than the corresponding quarter last year.