PETRONAS DAGANGAN

BERHAD

QUARTERLY REPORT

FOR FIRST QUARTER ENDED 31 MARCH 2023

PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)

QUARTERLY REPORT

FOR FIRST QUARTER ENDED 31 MARCH 2023

The Board of Directors of PETRONAS Dagangan Berhad ("PDB" or the "Company") is pleased to announce the following Unaudited Condensed Consolidated Financial Statements for PDB Group for the first quarter ended 31 March 2023 which should be read in conjunction with the accompanying explanatory notes on pages 7 to 19.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Individual quarter ended

Note

31 March

In RM'000

2023

2022

Revenue

B1

8,645,458

7,618,323

Operating profit

407,032

180,718

Finance costs

(2,675)

(2,786)

Share of profit after tax of equity accounted

associates and joint ventures

4,508

782

Profit before taxation

B1

408,865

178,714

Taxation

B4

(102,496)

(58,364)

PROFIT FOR THE PERIOD

306,369

120,350

Profit attributable to:

Shareholders of the Company

301,838

118,494

Non-controlling interests

4,531

1,856

PROFIT FOR THE PERIOD

306,369

120,350

Earnings per ordinary share - basic (sen)

B11

30.4

11.9

The Unaudited Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the accompanying

explanatory notes attached to these Condensed Consolidated Financial Statements.

1

PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)

QUARTERLY REPORT

FOR FIRST QUARTER ENDED 31 MARCH 2023

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME

Individual quarter ended 31 March

In RM'000

2023

2022

PROFIT FOR THE PERIOD

306,369

120,350

Other comprehensive income

Items that will not be reclassified

subsequently to profit or loss

Exchange differences arising from

translation of financial statements of

foreign operations

321

7

Total other comprehensive income for the

period

321

7

TOTAL COMPREHENSIVE INCOME FOR

THE PERIOD

306,690

120,357

Profit attributable to:

Shareholders of the Company

302,159

118,501

Non-controlling interests

4,531

1,856

TOTAL COMPREHENSIVE INCOME FOR

THE PERIOD

306,690

120,357

The Unaudited Condensed Consolidated Statement of Other Comprehensive Income should be read in conjunction with

the accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.

2

PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)

QUARTERLY REPORT

FOR FIRST QUARTER ENDED 31 MARCH 2023

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at

As at

31 March

31 December

In RM'000

Note

2023

2022

ASSETS

Property, plant and equipment

4,049,965

4,115,346

Intangible asset

387

484

Investments in associates

2,033

1,954

Investments in joint ventures

70,466

83,163

TOTAL NON-CURRENT ASSETS

4,122,851

4,200,947

Trade and other inventories

181,809

139,539

Trade and other receivables

3,670,995

4,027,890

Tax recoverable

31,265

-

Cash and cash equivalents

2,860,687

2,889,161

Asset classified as held for sale

A12

17,126

-

TOTAL CURRENT ASSETS

6,761,882

7,056,590

TOTAL ASSETS

B1

10,884,733

11,257,537

EQUITY

Share capital

993,454

993,454

Reserves

4,654,068

4,749,291

Total Equity Attributable to Shareholders of the Company

5,647,522

5,742,745

Non-controlling interests

49,152

44,621

TOTAL EQUITY

B1

5,696,674

5,787,366

LIABILITIES

Borrowings

B6

122,978

134,947

Deferred tax liabilities

111,771

93,317

Other long-term liabilities and provisions

36,074

36,074

TOTAL NON-CURRENT LIABILITIES

270,823

264,338

Trade and other payables

4,868,464

5,016,696

Borrowings

B6

48,772

49,366

Taxation

-

139,771

TOTAL CURRENT LIABILITIES

4,917,236

5,205,833

TOTAL LIABILITIES

B1

5,188,059

5,470,171

TOTAL EQUITY AND LIABILITIES

10,884,733

11,257,537

Net assets per share attributable to ordinary equity holders of the

Parent (RM)

5.68

5.78

The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the

accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.

3

PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)

QUARTERLY REPORT

FOR FIRST QUARTER ENDED 31 MARCH 2023

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Attributable to shareholders of the Company

Non-distributableDistributable

Foreign

Currency

Non-

Share

Translation

Capital

Retained

controlling

Total

In RM'000

Capital

Reserve

Reserves

Profits

Total

Interests

Equity

At 1 January 2023

993,454

(6,491)

(305)

4,756,087

5,742,745

44,621

5,787,366

Exchange difference

arising from translation

of financial statements

of foreign operation

-

321

-

-

321

-

321

Total other comprehensive

income for the period

-

321

-

-

321

-

321

Profit for the period

-

-

-

301,838

301,838

4,531

306,369

Total comprehensive

income for the period

-

321

-

301,838

302,159

4,531

306,690

Dividends paid

-

-

-

(397,382)

(397,382)

-

(397,382)

At 31 March 2023

993,454

(6,170)

(305)

4,660,543

5,647,522

49,152

5,696,674

At 1 January 2022

Exchange difference arising from translation of financial statements of foreign operation

Total other comprehensive income for the period

Profit for the period

Total comprehensive income for the period

Dividends paid

At 31 March 2022

993,454

(6,510)

(305)

4,595,434

5,582,073

33,378

5,615,451

-

7

-

-

7

-

7

-

7

-

-

7

-

7

-

-

-

118,494

118,494

1,856

120,350

-

7

-

118,494

118,501

1,856

120,357

-

-

-

(258,298)

(258,298)

-

(258,298)

993,454

(6,503)

(305)

4,455,630

5,442,276

35,234

5,477,510

The Unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the

accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.

4

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Petronas Dagangan Bhd published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 08:45:06 UTC.