danielC Portfolio.

PETRONAS GROUP FINANCIAL ANNOUNCEMENT Q3 2012

KUALA LUMPUR 29 November 2012. Tourist stand infront of the background “I LOVE MALAYSIA” by PETRONAS at KLCC, Kuala Lumpur. Petronas said its profit for the quarter ended Sept. 30 fell 22 percent to 12.4 billion ringgit ($4.06 billion) from 15.9 billion ringgit a year ago. “The environment remains challenging but we are quite happy with what we have achieved,” CEO Shamsul Azhar Abbas told reporters. “On the international side, it is not looking good. The damage is mainly from Sudan where we are still struggling to start production,” he added. Unlisted Petronas accounts for nearly half of Malaysia’s government budget revenues and needs to secure more overseas reserves to offset declining output and maintain profits. NSTP/Chan Wai Yew

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2 responses

  1. Vincent Thian

    Nice frame

    January 17, 2013 at 4:51 pm

  2. Thanks Vincent!

    January 17, 2013 at 6:42 pm

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