Malaysia's Petronas reports higher profit; doubles payout to government

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KUALA LUMPUR: Malaysia's state energy company Petronas on Tuesday (Aug 30) reported a surge in second-quarter profit, boosted by higher oil and gas prices and said that it would double its dividend to the government this year. The world's fourth-biggest LNG exporter said profit for the April-June period to

KUALA LUMPUR: Malaysia's state energy company Petronas on Tuesday reported a surge in second-quarter profit, boosted by higher oil and gas prices and said that it would double its dividend to the government this year.

The company was earlier expected to pay 25 billion ringgit - the same as last year - but the government made a request for a higher amount, he said.

 

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