Written by Sheikh Al-Zaquan of theedgemalaysia.com
Wednesday, 08 June 2011 19:24
KUALA LUMPUR: Petroliam Nasional Bhd reported net profit attributable to shareholders of US$17.46 billion in the financial year ended March 31, 2011 (FY11), which was a 50% increase from the US$11.64 billion in FY10.
It said on Wednesday, June 8 that revenue increased to US$76.82 billion, up 26.1% from US$60.92 billion. (The US dollar was used because it was the oil corporation's functional currency after being translated from ringgit Malaysia.)
President and CEO Datuk Shamsul Azhar Abbas said Petronas will be spending RM300 billion in capital expenditure for the next five years, this was an upward revision from the RM250 billion mentioned a few months ago.
Showing posts with label From The Edge. Show all posts
Showing posts with label From The Edge. Show all posts
Wednesday, June 8, 2011
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