Last 2.69 MYR
Change Today +0.02 / 0.75%
Volume 44.9K
As of 3:44 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

petron malaysia refining & m (PETRONM) Snapshot

Open
2.75
Previous Close
2.67
Day High
2.75
Day Low
2.65
52 Week High
04/28/14 - 3.21
52 Week Low
12/16/14 - 2.30
Market Cap
726.3M
Average Volume 10 Days
27.6K
EPS TTM
-0.23
Shares Outstanding
270.0M
EX-Date
06/9/14
P/E TM
--
Dividend
0.14
Dividend Yield
5.20%
Current Stock Chart for PETRON MALAYSIA REFINING & M (PETRONM)

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petron malaysia refining & m (PETRONM) Details

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.

293 Employees
Last Reported Date: 04/28/14

petron malaysia refining & m (PETRONM) Top Compensated Officers

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petron malaysia refining & m (PETRONM) Key Developments

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.

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.

 

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