Petron Malaysia Refining & Marketing Bhd Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Reports Property Plan Equipment Write Off and Impairment Loss for the Second Quarter of 2018
For the six months, the company reported revenue of MYR 5,853,398,000 compared to MYR 4,972,114,000 a year ago. Results from operating activities were MYR 184,430,000 compared to MYR 214,414,000 a year ago. Profit before tax was MYR 222,035,000 compared to MYR 266,048,000 a year ago. Profit for the period was MYR 164,547,000 compared to MYR 199,536,000 a year ago. Profit attributable to equity holders of the company was MYR 164,547,000 compared to MYR 199,536,000 a year ago. Earnings of 60.9 sen per basic share compared to 73.9 sen per basic share a year ago. Net cash used in operating activities was MYR 95,767,000 compared to net cash from operating activities of MYR 273,178,000 a year ago. Acquisition of property plant and equipment was MYR 57,375,000 compared to MYR 36,716,000 a year ago. Proceeds from disposals of property, plant and equipment was MYR 2,750,000 compared to MYR 52,734,000 a year ago.
For the second quarter the property plan equipment write off is MYR 103,000 compared to MYR 2,000 a year ago. Impairment loss was MYR 45,000.