Malaysia’s Petronas Q4 profit surges 45pc
Wednesday, 5 March 2014
KUALA LUMPUR, Mar 4 (AFP): Malaysian oil giant Petronas said Tuesday its fourth quarter net profit jumped 45 per cent on strong production, making 2013 "one of the best years ever" for the state energy firm.
Net profit for the three months ending December 31 stood at 12.76 billion ringgit ($3.89 billion), up 45 per cent from the same period in 2012, while revenue rose 10 per cent to 84.8 billion ringgit.
Overall the company's profit increased 10 per cent to 65.59 billion ringgit for the last financial year compared to 2012. Revenue added 9 per cent to 317.3 billion ringgit.
"Last year, 2013, in terms of results would be one of the best years ever," Petronas president and group chief executive Shamsul Azhar Abbas said.