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February 07, 2016 9:04 AM 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 is a subsidiary of Oil & Gas International Sdn. Bhd.

Tower 1

Level 12A, Menara I & P

No. 46 Jalan Dungun

Damansara Heights

Kuala Lumpur,  50490

Malaysia

292 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 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.

Petron Malaysia Refining & Marketing Bhd Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Petron Malaysia Refining & Marketing Bhd reported earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported pre-tax profit rose to MYR 107.48 million from a pre-tax loss of MYR 9.43 million in the same quarter last year. However, revenue declined to MYR 2.16 billion from MYR 2.62 billion previously. Earnings per share of 27.47 sen in the quarter compared to a loss per share of 3.21 sen a year ago. For the nine months, the company reported revenue of MYR 6.3 billion, 27% lower than MYR 8.6 billion in 2014 as a result of significantly lower oil prices. Lower revenues were partially offset as the company saw a 5% growth in overall sales volumes over the period which increased to 23.1 million barrels. Net income was MYR 204.4 million against a loss of MYR 17 million in the same period in 2014.

Petron Malaysia Refining & Marketing Bhd Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Petron Malaysia Refining & Marketing Bhd reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating profit of MYR 130,181,000, profit before tax of MYR 106,338,000, profit of MYR 73,375,000, profit attributable to equity holders of the company was MYR 73,375,000 or 27.2 sen per share on revenue of MYR 2,265,985,000 against operating income of MYR 14,353,000, loss before tax of MYR 2,105,000, loss of MYR 1,515,000, loss attributable to equity holders of the company was MYR 1,515,000 or 0.6 sen loss per share on revenue of MYR 3,047,474,000 for the same period a year ago. For the six months, the company reported operating income of MYR 242,150,000, profit before tax of MYR 188,689,000, profit of MYR 130,197,000, profit attributable to equity holders of the company was MYR 130,197,000 or 48.2 sen per share on revenue of MYR 4,105,603,000 against operating income of MYR 18,256,000, loss before tax of MYR 11,431,000, loss of MYR 8,231,000, loss attributable to equity holders of the company was MYR 8,231,000 or 3.0 sen loss per share on revenue of MYR 5,990,000,000 for the same period a year ago. Net cash from operating activities was at MYR 111,415,000 against net cash used in operating activities of MYR 103,558,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 37,941,000 against MYR 43,422,000 for the same period a year ago.

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