KUALA LUMPUR, March 17 – PETRONAS Dagangan Berhad has reported its financial results for the fourth quarter ended on December 31, 2023 (Q4 FY2023), concluding the year with record-breaking annual volume and robust financial growth. In Q4 FY2023, PETRONAS Dagangan achieved a sales volume of 4.2 billion litres, contributing to a historic high yearly total of 16.3 billion litres. This remarkable achievement was primarily fueled by increased traffic volume, particularly during festive seasons and school holidays.
The company’s revenue in Q4 FY2023 saw steady growth, rising by 6 percent to RM10.1 billion compared to the corresponding quarter, with a 2 percent increase to RM37.5 billion for the full year. Notably, the pre-tax profit surged by 18 percent from the same quarter last year to RM285.9 million, reflecting the momentum that carried over to the full-year performance, with pre-tax profit increasing by 17 percent to RM1.3 billion.
PETRONAS Dagangan’s Managing Director and Chief Executive Officer, Azrul Osman Rani, emphasized the company’s commitment to delivering strong, profitable growth while enhancing customer experience and value for stakeholders. The company’s success was underpinned by robust performance in both the Retail and Commercial segments, with impactful strides made in sustainability initiatives, including biofuel, solar, and electric vehicle infrastructure projects.
