KUALA LUMPUR, Feb 27 (Bernama) -- PETRONAS Dagangan Berhad has announced its financial results for the quarter ended 31 December 2023 (Q4 FY2023), ending the year with a record annual volume and robust financial growth. 
 
In Q4 FY2023, PETRONAS Dagangan registered a sales volume of 4.2 billion litres, bringing its yearly total to a historic high of 16.3 billion litres. This achievement was principally driven by the increase in traffic volume that boosted direct demand during key periods like festive seasons and school holidays. 
 
Mirroring the surge in sales volume, PETRONAS Dagangan’s Q4 FY2023 revenue saw steady growth, with a 6 per cent increase to RM10.1 billion compared to the corresponding quarter, and a 2 percent increase to RM37.5 billion for the full year. Notably, the pre-tax profit climbed 18 per cent from the same quarter last year to RM285.9 million. The momentum carried over to the full-year performance, with pre-tax profit registering a 17 per cent increase to RM1.3 billion.
 
PETRONAS Dagangan’s Managing Director and Chief Executive Officer Azrul Osman Rani said, “2023 was a landmark year, one that signalled our capacity for strong, profitable growth at scale and represented a key inflection point for PETRONAS Dagangan.”

“We were able to manage market volatility to deliver an all-time high sales volume which further fuels our commitment to making our customers’ lives simpler and better, while delivering value for all stakeholders.” PETRONAS Dagangan’s achievements were primarily driven by strong performance in both the Retail and Commercial segments. The Retail segment enjoyed improved margins due to strong volume demand for Diesel and Mogas. Moreover, favourable margins in jet fuel and commercial Diesel further contributed to the Company’s performance, bolstered by stable price trends during the quarter, which closely followed the movement of crude oil prices throughout the period. 
 
PETRONAS Dagangan’s success extends beyond its financial results. The quarter under review saw impactful strides in sustainability, notably through its ongoing efforts in biofuel, solar and electric vehicle (EV) infrastructure initiatives, for example the Company's collection of more than 120,000 kg of used cooking oil (UCO) since its launch in July 2023. Additionally, PETRONAS Dagangan has enhanced 26 retail stations with EV chargers and completed the solarisation of 60 sites in collaboration with Gentari.
 
To elevate customer experience, PETRONAS Dagangan has launched Mesra Rewards loyalty programme with a cardless feature, which saw more than 50 per cent growth in active members. The Company also continues to champion inclusive mobility through Setel, which was selected by the Ministry of Finance for the eMADANI programme. 
 
Azrul concluded, "As we enter 2024, we will remain focused on further enhancing operational efficiency and expanding our market presence to be well-positioned for continued growth in a dynamic and evolving landscape. Even though the anticipated momentum of Malaysia’s economy and resilient domestic demand make for a promising backdrop to the year, we will remain vigilant in navigating potential global headwinds and rising inflation with a commitment to long-term, sustainable success.” 
 
PDB declared an interim dividend of 27 sen per ordinary share. For the financial year 2023, PDB has declared total dividend of 80 sen per ordinary share.

ABOUT PETRONAS DAGANGAN BERHAD
 
PETRONAS Dagangan Berhad is the principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), which holds 63.94% of its equity. Incorporated in Malaysia under the Companies Act 1965 on 5 August 1982 and listed on the Main Board of Bursa Malaysia on 8 March 1994, PDB has since established itself as Malaysia’s leading retailer and marketer of downstream oil and gas products. 
 
The Company markets a wide range of high-quality petroleum products including motor gasoline, aviation fuel, kerosene, diesel, fuel oil, bunker fuel, lubricants, liquefied natural gas (LNG) liquefied petroleum gas (LPG) and bitumen in Malaysia. 
 
As part of its strategy to grow its non-fuel offerings, the Company has incorporated Mesra Retail & Café Sdn Bhd in 2021, which focuses on food and beverage (F&B) business.
 
Since 2015, PDB has been certified as a constituent company member of FTSE4Good Index Series – a testament to the Company’s commitment to strong environmental, social and governance practices measured against globally recognised standards.
 

SOURCE : PETRONAS Dagangan Berhad 

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Nurul Athirah M Khaidir
Tel : 03 – 2392 4759 | 012 – 682 5608 
Email : nurulathirah.mkhaid@petronas.com.my
 
Name : Myra Liyana Razali
Tel : 03 – 2392 7252 | 012 – 689 0188
Email : myraliyana.razali@petronas.com.my
 
--BERNAMA