PetDag's 4Q net profit surges 206-fold, pays 20 sen dividend

(Feb 19): Petronas Dagangan Bhd (PetDag) saw its net profit surge 206-fold to RM92.11 million or 9.3 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15), from RM445,000 or 0.04 sen per share a year ago, on higher margin contribution from the retail segment and higher other income by RM47.6 million.
In a filing with Bursa today, PetDag explained that the higher other income was mainly due to an accounting reclassification from the goods and services tax (GST) implementation which has no profit impact, as well as higher interest income.Categories: Latest NewsCorporate
Source: The Edge

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