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Petronas Q3 net profit crashes 90% to RM1.35b

But CEO says the company has not reached a point where it needed to right-size group's staffing

Published Wed, Nov 11, 2015 · 09:50 PM

Kuala Lumpur

MALAYSIA'S national oil company Petronas has posted an over 90 per cent fall in profit after tax (PAT) to RM1.35 billion (S$442 million) for the third quarter ended September, amid a continuing slump in global oil prices and a second quarter of asset impairment losses.

Its downstream business provided the silver lining, growing by a third…

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