Kenanga lowers earnings forecast on Petronas Dagangan

could be faced with a potentially weaker quarter in 3Q after posting weaker-than-expected results in the first half of the year on lower peoduct margin spread and lower sales volume.

"We believe the upcoming 3QFY21 quarter may potentially post sequentially weaker numbers as the imposition of the nationwide 'total lockdown' could affect sales volumes," said Kenanga Research in a note.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Petronas Gas posts lowers earnings in Q2 on higher operating cost | Malay MailKUALA LUMPUR, Aug 23 — Petronas Gas Bhd’s (PetGas) net profit eased to RM439.07 million in the second quarter ended June 30, 2021, from RM547.10 million in the same period a year earlier. The group said the lower earnings for the quarter were due to higher operating costs of gas processing, gas...
Source: malaymail - 🏆 1. / 86 Read more »