Business : Petron Malaysia’s Q1 Revenue Rises To RM2.89 Billion

KUALA LUMPUR, May 22 (Bernama) — Petron Malaysia Refining and Marketing Bhd’s (PMRMB) revenue for the first quarter ended March 31, 2014, rose to RM2.94 billion from RM2.89 billion in the same quarter last year.

But, despite a robust sales and operating performance, the company also posted a loss of RM7 million for the quarter, compared to the RM31 million profit for the corresponding period of last year.

Local sales surged by 12 per cent to 4.8 million barrels compared to 4.3 million barrels in 2013, largely driven by growth in the retail sector and a substantial increase in commercial volumes due to growing market confidence i…
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