Malaysia: Petronas Dagangan Positive on 2017 Performance

Malaysia: Petronas Dagangan Positive on 2017 Performance

Petronas Dagangan confident of a good performance this year despite the economic uncertainties.

This is due to a number of business strategies in place, said managing director and chief executive officer Datuk Mohd Ibrahimnuddin Mohd Yunus. He said as the domestic marketing arm of Petronas Bhd, PDB had also planned good inventory management and cost optimisation, coupled with attractive promotional campaigns every two months.

“For the first quarter ended March 31, 2017, our pre-tax profit increased to RM335.60mil from RM295.64mil in the same period a year ago. “Moving forward, we see the second quarter as still being very challenging with fluctuating oil prices. However, we remain positive, especially for the retail section,” he told reporters last week in Kuala Lumpur. PDB’s revenue, for the record, rose by 36.2% to RM6.86bil versus RM4.91bil previously.

Mohd Ibrahimnuddin said the company would be having lots of promotions, including the Fuel Frenzy and Coffee Break campaigns, which it hoped could generate enough interest among customers to visit retail stations. PDB shared its latest Hari Raya promotions, the Fuel Frenzy and Coffee Break Campaigns, offering daily prize rewards until July 31, alongside complimentary coffee and snacks during the “balik kampung” period.

The Fuel Frenzy campaign, from June 9 to July 31 at over 1,000 Petronas stations nationwide, has one grand prize winner and 40 consolation prize winners daily. The grand prize winner will walk away with a year’s fuel supply, whereas, consolation prize winners will bag RM100 worth of fuel each. Overall, the 53-day campaign will be giving out over 2,000 prizes. PW06117

Last modified onThursday, 29 June 2017 20:46
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