The state-run oil company reported a post-tax profit for the period of 1.35 billion ringgit ($311 million), down from 15 billion ringgit a year earlier, as revenue was cut by 25% year on year to 60 billion ringgit on lower realised crude prices that averaged $50 a barrel in the quarter.
Petronas’ bottom line was also hit by net impairment losses totalling 5.4
