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Message: <blockquote data-quote="keithkeat" data-source="post: 669197" data-attributes="member: 8243"><p>Petronas's Records 55 Pct Hike In 2005 Profits To RM58 Bln</p><p></p><p></p><p>KUALA LUMPUR, June 30 (Bernama) -- The surge in world oil prices helped Petronas record a 55 percent jump in pre-tax profit to RM58.03 billion for the year ended March 31, 2005, from RM37.44 billion in the previous financial year.</p><p></p><p>Besides higher oil prices, the group realised higher sales volume across nearly all businesses, its president and chief executive officer, Tan Sri Mohd Hassan Marican, said here Thursday.</p><p></p><p>Announcing the national oil corporation's, he said Petronas's gross revenue for 2005 rose 38.6 percent to RM245.676 billion against RM177.209 billion before.</p><p></p><p>During the year, the group sold a total of 207.1 million barrels of crude oil and condensates.</p><p></p><p>Petroleum products remain the key revenue generator for the group with total revenue from sales of this product amounting to RM44.5 billion compared with RM32.9 billion last year.</p><p></p><p>Revenue from its international operations at RM48.5 billion, accounted for 35.4 percent of total group revenue.</p></blockquote><p></p>

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