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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

Mr Wan Zulkiflee says dividends paid to the government would be further reduced to RM16 billion in 2016 from RM26 billion this year

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.