KUALA LUMPUR: Mala-ysian taxi drivers wait to refill their cabs at a Petronas petrol station in Kuala Lumpur on Wednesday. — AFP Photo KUALA LUMPUR, Aug 13 (AFP) : Malaysian state energy firm Petronas said Wednesday its second quarter net profit surged 38 percent year-on-year boosted by higher oil and liquefied natural gas sales volume.
Petronas, the source of about half of Malaysia's budget revenue, said net profit for the three months ending June climbed to 21.06 billion ringgit ($660.8 million) from 15.26 billion ringgit compared to the same period last year.
Revenue, meanwhile, jumped 15 percent to 85.36 billion ringgit during the quarter, helped by the local ringgit weakening against the dollar.
On the outlook for the year, the company said: "The board expects the overall year-end performance of Petronas Group to be fair within the challenging business environment."
Petronas said total domestic and international production rose 6.3 percent in the second quarter to 2.21 million barrels of oil equivalent a day from 2.08 million barrels a day last year.
Petronas, Malaysia's only Fortune 500 company, said it increased output in South Sudan, Iraq and Malaysia.
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