Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 01, 2015 9:46 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 is a subsidiary of Petron Oil & Gas International Sdn. Bhd.

Menara I&P 1

Level 12A

No. 46 Jalan Dungun

Damansara Heights

Kuala Lumpur,  50490

Malaysia

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 Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Petron Malaysia Refining & Marketing Bhd announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced revenue of MYR 2,290,001,000 compared to MYR 2,809,523,000 for the same period a year ago. Operating loss was MYR 57,424,000 compared to MYR 22,962,000 for the same period a year ago. Loss before tax was MYR 64,914,000 compared to MYR 50,671,000 for the same period a year ago. Loss for the period attributable to equity holders of the company was MYR 47,583,000 or 17.6 sen per share compared to MYR 46,423,000 or 17.2 sen per share for the same period a year ago. For the full year, the company announced revenue of MYR 10,901,029,000 compared to MYR 11,128,100,000 for the same period a year ago. Operating loss was MYR 22,889,000 compared to operating income of MYR 50,718,000 for the same period a year ago. Loss before tax was MYR 85,772,000 compared to MYR 75,418,000 for the same period a year ago. Loss for the period attributable to equity holders of the company was MYR 64,478,000 or 23.9 sen per share compared to MYR 64,246,000 or 23.8 sen per share for the same period a year ago. Net cash flows from operating activities were MYR 300,795,000 compared to MYR 239,251,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 99,604,000 compared to MYR 142,708,000 for the same period a year ago. Payment for the long-term assets was MYR 4,337,000 compared to MYR 9,703,000 for the same period a year ago.

Petron Malaysia Refining & Marketing Bhd Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Petron Malaysia Refining & Marketing Bhd announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 2,621,028,000 compared to MYR 2,814,754,000 a year ago. Operating income was MYR 11,213,000 compared to MYR 16,755,000 a year ago. Loss before tax was MYR 9,426,000 compared to MYR 6,782,000 a year ago. Loss attributable to equity holders of the company was MYR 8,664,000 or 3.2 sen per share compared to MYR 4,888,000 or 1.8 sen per share a year ago. For the nine months, the company reported revenue of MYR 8,611,028,000 compared to MYR 8,318,577,000 a year ago. Operating income was MYR 18,429,000 compared to MYR 59,109,000 a year ago. Loss before tax was MYR 20,858,000 compared to MYR 24,747,000 a year ago. Loss attributable to equity holders of the company was MYR 16,895,000 or 6.3 sen per share compared to MYR 17,823,000 or 6.6 sen per share a year ago. Net cash flows used in operating activities were MYR 128,135,000 compared to net cash flows from operating activities of MYR 76,269,000 a year ago. Purchase of property, plant and equipment was MYR 62,471,000 compared to MYR 110,610,000 a year ago. Payment for long-term assets was MYR 3,449,000 compared to MYR 5,915,000 a year ago.

Petron Malaysia Refining & Marketing Bhd Serves with Writ of Summons and Statement of Claim from Konsortium Lord-Saberkat Sdn Bhd

Petron Malaysia Refining & Marketing Bhd informed that on November 3, 2014 the company was served with a Writ of Summons and Statement of Claim from Konsortium Lord-Saberkat Sdn Bhd. The Writ is dated October 28, 2014 and the Statement of Claim is dated October 29, 2014. Both were served on PMRMB by solicitors for the Plaintiff. The claims filed pursuant to the Writ and Statement of Claim are: an order that PMRMB rectifies the listing of services and thereafter to rectify the monthly self billing system (‘SBS’) invoices amount including the months referred to in the pertinent invoices; a claim for the sum of MYR 41,091,723.50 as at 24 October 2014; interest on the sum of MYR 41,091,723.50 at the rate of 5% per annum; and costs. A summary of the allegations made by the Plaintiff is that PMRMB allegedly failed to pay the Plaintiff for the works and task that were allegedly ordered by PMRMB and were allegedly carried out by the Plaintiff per the Standard Transportation Agreement No. 2005-01FM dated 19 December 2005, as amended (‘Agreement’) between Plaintiff and PMRMB. This Agreement was for the supply of transportation services by the Plaintiff to PMRMB for delivery of fuel to PMRMB’s service stations in Peninsular Malaysia. The Plaintiff ceased being a transportation contractor to PMRMB on November 30, 2013 upon expiry of the Agreement. Plaintiff had previously sent letters of demand together with allegations demanding payment for invoices they claim they require payment for. PMRMB had reviewed those alleged claims and determined the same as unsubstantiated and duly rejected the alleged claims. PMRMB have instructed external counsel to act on its behalf and PMRMB will defend its position and take necessary legal action as deemed appropriate. PMRMB vehemently denies that there are any such outstanding payment due to the Plaintiff under the Agreement. Apart from legal cost incurred in defending the suit, PMRMB does not expect or anticipate any impact to its finances or operations as a result of this suit.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Petron Malaysia Refining & Marketing Bhd, please visit www.petron.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.