Petronas records unprecedented RM16.5bil loss after tax in 1H, revenue 23% lower | TheStarTV.com

Petronas records unprecedented RM16.5bil loss after tax in 1H, revenue 23% lower

Published on 4 Sep 2020 10:59:50 PM

Malaysian national oil company Petroliam Nasional Bhd (Petronas) recorded a loss after tax of RM16.5bil in the first half of 2020, compared with net profit of RM28.9bil a year ago.

Its revenue also fell by 23% from the RM121.1bil in the previous corresponding period.

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Keywords
petronas, financial performance, petroliam nasional, job cut, retrenchments, salary cut, financial report, klcc

Malaysian national oil company Petroliam Nasional Bhd (Petronas) recorded a loss after tax of RM16.5bil in the first half of 2020, compared with net profit of RM28.9bil a year ago.

Its revenue also fell by 23% from the RM121.1bil in the previous corresponding period.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
petronas, financial performance, petroliam nasional, job cut, retrenchments, salary cut, financial report, klcc

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