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Judul : PetDag rises as much as 3.5% on 1Q earnings, dividend
link : PetDag rises as much as 3.5% on 1Q earnings, dividend
PetDag rises as much as 3.5% on 1Q earnings, dividend
KUALA LUMPUR (May 19): Petronas Dagangan Bhd (PetDag) rose as much as 3.5% or 84 sen to RM24.92 this morning, on the back of firmer first quarter earnings and dividend declared.
PetDag shares ended the morning session up 68 sen, or 2.8%, to RM24.76. Yesterday, the retail arm of Petroliam Nasional Bhd reported a 15% increase in net profit for its first quarter ended Mar 31, 2017 to RM253.15 million or 25.5 sen a share from RM219.4 million or 22 sen a share in the same period last year.
Revenue in the period jumped 36.2% to RM6.69 billion from RM4.91 billion a year ago.
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