October 20, 2014 11:28 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

293 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 Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Unaudited Write-Off on Property, Plant and Equipment for the Second Quarter Ended June 30, 2014

Petron Malaysia Refining & Marketing Bhd reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating profit of MYR 23,092,000, 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 3,047,105,000 against operating loss of MYR 12,232,000, loss before tax of MYR 60,688,000, loss of MYR 43,695,000, loss attributable to equity holders of the company was MYR 43,695,000 or 16.2 sen loss per share on revenue of MYR 2,612,369,000 for the same period a year ago. For the six months, the company reported operating income of MYR 15,514,000, 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 against operating income of MYR 42,342,000, loss before tax of MYR 17,965,000, loss of MYR 12,935,000, loss attributable to equity holders of the company was MYR 12,935,000 or 4.8 sen per share on revenue of MYR 5,503,823,000 for the same period a year ago. Net cash used in operating activities of MYR 103,558,000 against net cash flows from operating activities of MYR 218,757,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 43,422,000 against MYR 72,836,000 for the same period a year ago. For the quarter, the company's write-off on property, plant and equipment was MYR 1,098,000 against MYR 2,013,000 a year ago.

Tan Sri Syed Jalaludin Retires as Independent & Non Executive Director of Petron Malaysia Refining & Marketing

Petron Malaysia Refining & Marketing announced retirement of Tan Sri Dato’ Dr. Syed Jalaluddin Syed Salim as Independent & Non Executive Director effective from June 5, 2014. Tan Sri Syed Jalaludin as an Independent Director having served more than nine consecutive years on the Board of Directors has, in line with the Malaysian Code of Corporate Governance 2012, opted to retire and not seek a re-election to the Board of Directors.

Petron Malaysia Refining & Marketing Bhd Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Announces Unaudited Write-Offs on Purchase of Property, Plant and Equipment for the First Quarter Ended March 31, 2014

Petron Malaysia Refining & Marketing Bhd announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of MYR 2,942,895,000 against MYR 2,891,454,000 a year ago. Operating loss was MYR 7,578,000 against operating income of MYR 54,582,000 a year ago. Loss before tax was MYR 9,326,000,000 against profit before tax MYR 42,723,000 a year ago. Loss for the period was MYR 6,715,000 against profit for the period was MYR 30,760,000 a year ago. Loss per share was MYR 2.5 against earnings per share of MYR 11.4 a year ago. Net cash flows used in operating activities were MYR 192,308,000 against net cash flows from operating activities of MYR 51,862,000 a year ago. Purchase of property, plant and equipment was MYR 16,500,000 against MYR 54,288,000 a year ago. Payment for long-term assets was MYR 1,142,000 against MYR 1,509,000 a year ago. Write-off on purchase of property, plant and equipment was MYR 489,000 against MYR 746,000 a year ago.

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