Petron posts net loss of RM69m in Q2 | Malay Mail

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Petron posts net loss of RM69m in Q2 | Malay Mail
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KUALA LUMPUR, Aug 26 — Petron Malaysia Refining and Marketing Bhd (Petron) recorded a net loss of RM69.29 million in the second quarter ended June 30, 2020 (Q2 2020) from a net profit of RM56.21 million in the same period last year. Revenue declined to RM1.02 billion against RM3.02 billion...

Revenue declined to RM1.02 billion against RM3.02 billion previously due to the combined impact of the slump in demand and prices during the quarter, it said in a filing with Bursa Malaysia today. — Picture from Facebook/Petron Corporation

Revenue declined to RM1.02 billion against RM3.02 billion previously due to the combined impact of the slump in demand and prices during the quarter, it said in a filing with Bursa Malaysia today. “Total sales volume for Q2 2020 stood at six million barrels compared to 9.2 million barrels sold in the same period last year,” Petron said.

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