PETRONAS Dagangan Delivers Record Sales And Maintains Strong Performance In Q2 FY2024

KUALA LUMPUR, Aug 21 (Bernama) -- PETRONAS Dagangan Berhad (PETRONAS Dagangan) announced strong financial results for the second quarter of 2024 (Q2 FY2024), despite operating in a challenging market environment.

For the quarter ended 30 June 2024, PETRONAS Dagangan achieved a record quarterly sales volume of 4.3 billion litres, driven by healthy demand during festive events, successful promotional campaigns and higher volume from the airline industry. This growth in volume contributed to a 10 per cent increase in revenue to RM9.8 billion compared to RM8.9 billion in the corresponding quarter last year. While retail diesel volume saw a slight dip in June 2024 following the implementation of the Subsidised Diesel Control System (SKDS) 2.0, this was offset by growth in commercial diesel volume due to the higher retail diesel price. Overall, PETRONAS Dagangan’s pre-tax profit improved by 6 per cent despite the increase in operating expenditures in line with higher activities.