May 26, 2016 2:15 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petron Malaysia Refining & Marketing Bhd

Company Overview

Petron Malaysia Refining & Marketing Bhd manufactures and markets petroleum products in Malaysia. Its products include gasoline, diesel, liquefied petroleum gas, industrial and commercial fuels, and aviation fuel. The company is based in Kuala Lumpur, Malaysia. Petron Malaysia Refining & Marketing Bhd operates as a subsidiary of Petron Oil & Gas International Sdn Bhd.

Menara I & P Tower 1

Level 12A

No. 46, Jalan Dungun

Damansara Heights

Kuala Lumpur,  50490

Malaysia

303 Employees

Phone:

60 3 2082 8400

Fax:

60 3 2082 8578

Key Executives for Petron Malaysia Refining & Marketing Bhd

Petron Malaysia Refining & Marketing Bhd does not have any Key Executives recorded.

Petron Malaysia Refining & Marketing Bhd Key Developments

Petron Malaysia Refining & Marketing Bhd Reports Earnings Results for the First Quarter Ended March 31, 2016

Petron Malaysia Refining & Marketing Bhd reported earnings results for the first quarter ended March 31, 2016. Pre-tax profit fell to MYR 22.72 million from MYR 82.35 million recorded in the same period a year ago. Revenue dropped to MYR 1.66 billion from MYR 1.84 billion previously. The decrease in revenue was due to the drop in the Brent crude price by about 37% from the first quarter last year.

Petron Malaysia Refining & Marketing Bhd Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Petron Malaysia Refining & Marketing Bhd announced unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced revenue of MYR 1,883,392,000 compared to MYR 2,290,199,000 for the same period a year ago. Results from operating activities were MYR 29,111,000 compared to loss of MYR 57,425,000 for the same period a year ago. Profit before tax was MYR 10,050,000 compared to loss of MYR 64,914,000 for the same period a year ago. Profit attributable to equity holders of the company was MYR 17,127,000 or 6.0 sen per share compared to loss of MYR 47,073,000 or 17.6 sen per share for the same period a year ago. For the full year, the company announced revenue of MYR 8,150,293,000 compared to MYR 10,901,829,000 for the same period a year ago. Results from operating activities were was MYR 357,940,000 compared to operating loss of MYR 22,889,000 for the same period a year ago. Profit before tax was MYR 306,216,000 compared to loss of MYR 85,772,000 for the same period a year ago. Profit attributable to equity holders of the company was MYR 221,483,000 or 81.7 sen per share compared to loss of MYR 63,968,000 or 23.9 sen per share for the same period a year ago. Net cash from operating activities were MYR 360,862,000 compared to MYR 300,788,000 for the same period a year ago. Acquisition of property, plant and equipment was MYR 65,328,000 compared to MYR 99,604,000 for the same period a year ago. Payment for the long-term assets was MYR 46,608,000 compared to MYR 4,337,000 for the same period a year ago.

Petron Malaysia Refining & Marketing Bhd Introduces RON100 Oil in Malaysia

Petron Malaysia Refining & Marketing Bhd introduced the RON100 oil that complied with Euro-4M standard in the Malaysian market. The premium oil, Blaze 100 Euro 4M, currently retailed at MYR 2.80 per litre, is now available in eight service stations in Klang Valley and Johor with another 30 to 40 stations expected to carry the high grade fuel in the next few months based on customer demand. The Blaze 100 Euro 4M petrol was produced at the company's Port Dickson refinery under stringent quality controls. The high-performance fuel also meets Euro 4M specification resulting in less emissions and better air quality.

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