DREAMING....Young Sabahan boy's, Mahathir Abdul Ganih perform the acrobatic act infront KLCC building to express his family sad feeling on Petronas.
MALAYSIAN state energy firm Petronas said Wednesday its net profit rose 36.14 percent for the full year ended March 31 amid higher oil prices and a strong performance in exploration and production.
Net profit hit 54.85 billion ringgit ($18.17 billion), up from 40.29 billion a year earlier with full year revenue rising to 241.23 billion compared to 210.80 billion for the same period last year, it said in a statement.
"Overall performance improved, which is reflected in the increase of return on average capital employed from 15.9 percent to 17.5 percent," Petronas president and chief executive Shamsul Azhar Abbas said, quoted by Dow Jones Newswires.
The company during the year had one-time gains amounting to 9.2 billion ringgit from the listing of Petronas Chemicals Group which made its debut in November while Malaysia Marine and Heavy Engineering Holdings listed in late October.
The oil corporation said net profit rose 35.08 percent in the three months to March 31, coming in at 10.55 billion ringgit compared with 7.81 billion ringgit for the same period last year.
Revenue for the quarter also increased 10.9 percent to 65.64 billion, compared with 59.19 billion, it said.
"The higher revenue reflected the impact of higher realised prices for crude oil and condensates," the company said.
Crude oil prices have soared since the start of this year as spreading unrest in the oil-rich Middle East and North Africa region cut supplies.
The firm is Malaysia's only Fortune 500 company and is also among the country's largest bond issuers. (AFP)
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