PDB Registers Volume Growth In Q4 Despite Challenging Market Landscape

KUALA LUMPUR, Feb 27 (Bernama) — For the quarter ended 31 December 2018, PETRONAS Dagangan Berhad (PDB) registered an increase of 1% in sales volume against corresponding quarter last year, continuing on its growth trajectory since second quarter 2018.

In line with higher sales volume and increase in average selling prices, revenue for the quarter rose by 10% to RM7,901.4 million against the corresponding quarter in the preceding year. However, due to the significant decline in petroleum product prices in November and December 2018, PDB’s Profit Before Tax (PBT) decreased to RM70.1 million as compared to the corresponding quarter in the preceding year.

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