Malaysian state oil firm Petronas on Friday posted a return to profit in the second quarter after recording a loss a year ago, supported by a recovery in price and demand following the reopening of key economies globally.
The world’s fourth-biggest LNG exporter said post-tax profit was 9.6 billion ringgit ($2.29 billion) for the April to June period, against a loss of 21 billion ringgit in the same quarter last year.
Revenue rose 68% to 57.1 billion ringgit.
Source: Reuters
Join our mailing list here
