Petronas Dagangan released its quarter 4 and full year financial results for the year ending 31 December 2023 , the group’s revenue for the quarter increased by RM576.7 million or 6% contributed by higher sales volume by 6% to RM10 billion compared to RM9.5 billion in Q4FY23 The group recorded a PBT of RM285.9 million, higher by RM44.2 million or 18% following higher gross profit from all segments and higher other income. The impact was negated by higher operating expenditure.
Profit after tax came in at RM180million much higher compared to RM144 million registered in the previous years quarter four.
As for the full year, Petronas Dagangan saw its earnings grow to RM37.5 billion as compared to RM36.7 billion with profit after tax also increasing to RM943 million from RM776 million recorded in 2022.
Subsequently, the board declared an interim dividend of 27 sen per ordinary share amounting to RM268,232,580 for the fourth quarter ended 31 December 2023, payable on 26 March 2024 (Quarter 4 2022: an interim dividend of 26 sen per
ordinary share amounting to RM258,298,040 and a special dividend of 14 sen per ordinary share amounting to RM139,083,560)
