Malaysia's Petronas posts higher net profit in Q3
The company’s revenues grew by 14% to RM53.70 billion ($13 billion) from RM47.01 billion in the same quarter last year, on the back of higher prices and improved foreign exchange rates while its EBITDA increased to RM21.5 billion ($5 billion) from RM15.2 billion in the corresponding quarter last year.
Petronas stated that they were expecting the company’s overall year-end performance to be better this year, citing the improved energy complex.
Meanwhile, the company is pushing ahead with its RAPID project to start operations in 2019.
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