Petronas posts record profit of RM61 bil

[Pleasure_empire]

State-owned energy firm Petronas today announced a record RM61 billion in net profit for 2007/2008, up 31.5 percent from RM46.4 billion a year ago.

MCPX"We have performed quite well. It is another historic set of numbers for Petronas Group," president and chief executive Mohamad Hassan Marican told reporters.

Petronas, under intense criticism with allegations of mismanagement and secrecy, also announced a special dividend payout of RM6 billion to the government.

Hassan said oil prices would "continue to strengthen" due to strong demand, security and political problems in oil-rich countries, and a shortage of skilled personnel in the industry.

Due to higher oil prices and stronger sales volume, revenues rose 29.8 percent to 66.2 billion dollars in 2007-08.

Petronas has faced public wrath since a recent 41 percent hike in the price of petrol, with the opposition demanding it open its accounts and explain how vast revenues from the nation's oil exports have been spent.

 

[Cestbon]

Petronas is a GOOD state company, return more than 60% of the profit to thiers citizen for health/education/lower oil&gas price/food .........). Only about 1million population in Malaysia paying income tax and they still can manage the country. With no GST still can subsidy food and fuel price. Education and healthcare FOC.
What have Singapore GLC help the citizen. None. Instead compete business with SME killing all local company. Goverment suck more money from citizen.

 

[TanSong]

Petronas is a GOOD state company, return more than 60% of the profit to thiers citizen for health/education/lower oil&gas price/food .........). Only about 1million population in Malaysia paying income tax and they still can manage the country. With no GST still can subsidy food and fuel price. Education and healthcare FOC.
What have Singapore GLC help the citizen. None. Instead compete business with SME killing all local company. Goverment suck more money from citizen.

Agree

 

[tobelightlight]

Malaysia is good. Got natural resources, so safe and secure for a future by staying there. And Malaysians got balls.

 

[k1976]

16 yrs ago thread o’ready

 

[syed putra]

Malaysia is good. Got natural resources, so safe and secure for a future by staying there. And Malaysians got balls.

China now claims those oil fields off the coast of Borneo..

 

[syed putra]

16 yrs ago thread o’ready

Yes. Today, sarawak wants to control all their oil and gas wealth.

 

[syed putra]

Petronas is a GOOD state company, return more than 60% of the profit to thiers citizen for health/education/lower oil&gas price/food .........). Only about 1million population in Malaysia paying income tax and they still can manage the country. With no GST still can subsidy food and fuel price. Education and healthcare FOC.
What have Singapore GLC help the citizen. None. Instead compete business with SME killing all local company. Goverment suck more money from citizen.

Those easy oil and gas money are used by politicians to destroy the economy. They created loss making national cars, national motorbikes at the expense of other tax paying car dealers. So nation becomes poorer as oil and gas money are used to destroy profitable businesses.

 

[Loofydralb]

Malaysia is good. Got natural resources, so safe and secure for a future by staying there. And Malaysians got balls.

This is where LKY erred when he insists on being the PM of Malaysia.

 

[JurongEast]

This is where LKY erred when he insists on being the PM of Malaysia.

Correct

 

[JurongEast]

Muslim countries are blessed with natural resources

 

[JurongEast]

Up

 

[syed putra]

This is where LKY erred when he insists on being the PM of Malaysia.

The communists were the on his side

 

[Loofydralb]

The communists were the on his side

The communists are ruling SG now.