PETRONAS DAGANGAN PETRONAS DAGANGAN
BERHAD
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2023
PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 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 second quarter ended 30 June 2023 which should be read in conjunction with the accompanying explanatory notes on pages 7 to 20.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Individual quarter ended | Cumulative quarter ended | |||||||
Note | 30 June | 30 June | ||||||
In RM'000 | 2023 | 2022 | 2023 | 2022 | ||||
Revenue | B1 | 8,912,517 | 9,501,101 | 17,557,975 | 17,119,424 | |||
Operating profit | 378,474 | 317,040 | 785,506 | 497,758 | ||||
Finance costs | (2,626) | (4,402) | (5,301) | (7,188) | ||||
Share of (loss)/profit after tax of equity | ||||||||
accounted associates and joint ventures | (659) | 2,856 | 3,849 | 3,638 | ||||
Profit before taxation | B1 | 375,189 | 315,494 | 784,054 | 494,208 | |||
Taxation | B4 | (98,493) | (76,080) | (200,989) | (134,444) | |||
PROFIT FOR THE PERIOD | 276,696 | 239,414 | 583,065 | 359,764 | ||||
Profit attributable to: | ||||||||
Shareholders of the Company | 275,710 | 237,679 | 577,548 | 356,173 | ||||
Non-controlling interests | 986 | 1,735 | 5,517 | 3,591 | ||||
PROFIT FOR THE PERIOD | 276,696 | 239,414 | 583,065 | 359,764 | ||||
Earnings per ordinary share - basic (sen) | B11 | 27.8 | 23.9 | 58.1 | 35.9 |
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.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2023
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Individual quarter ended | Cumulative quarter ended | ||||||
30 June | 30 June | ||||||
In RM'000 | 2023 | 2022 | 2023 | 2022 | |||
PROFIT FOR THE PERIOD | 276,696 | 239,414 | 583,065 | 359,764 | |||
Other comprehensive income | |||||||
Items that will not be reclassified | |||||||
subsequently to profit or loss | |||||||
Exchange differences arising from | |||||||
translation of financial statements of | |||||||
foreign operation | (61) | 20 | 260 | 27 | |||
Total other comprehensive (expense)/ | |||||||
income for the period | (61) | 20 | 260 | 27 | |||
TOTAL COMPREHENSIVE INCOME FOR | |||||||
THE PERIOD | 276,635 | 239,434 | 583,325 | 359,791 | |||
Profit attributable to: | |||||||
Shareholders of the Company | 275,649 | 237,699 | 577,808 | 356,200 | |||
Non-controlling interests | 986 | 1,735 | 5,517 | 3,591 | |||
TOTAL COMPREHENSIVE INCOME FOR | |||||||
THE PERIOD | 276,635 | 239,434 | 583,325 | 359,791 |
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.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2023
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at | As at | |||
30 June | 31 December | |||
In RM'000 | Note | 2023 | 2022 | |
ASSETS | ||||
Property, plant and equipment | 4,055,967 | 4,115,346 | ||
Intangible asset | 290 | 484 | ||
Investments in associates | 2,135 | 1,954 | ||
Investments in joint ventures | 71,202 | 83,163 | ||
TOTAL NON-CURRENT ASSETS | 4,129,594 | 4,200,947 | ||
Trade and other inventories | 151,436 | 139,539 | ||
Trade and other receivables | 3,606,099 | 4,027,890 | ||
Tax recoverable | 36,510 | - | ||
Cash and cash equivalents | 2,999,087 | 2,889,161 | ||
Asset classified as held for sale | A12 | 15,629 | - | |
TOTAL CURRENT ASSETS | 6,808,761 | 7,056,590 | ||
TOTAL ASSETS | B1 | 10,938,355 | 11,257,537 | |
EQUITY | ||||
Share capital | 993,454 | 993,454 | ||
Reserves | 4,780,699 | 4,749,291 | ||
Total Equity Attributable to Shareholders of the Company | 5,774,153 | 5,742,745 | ||
Non-controlling interests | 50,138 | 44,621 | ||
TOTAL EQUITY | B1 | 5,824,291 | 5,787,366 | |
LIABILITIES | ||||
Borrowings | B6 | 114,563 | 134,947 | |
Deferred tax liabilities | 104,401 | 93,317 | ||
Other long-term liabilities and provisions | 36,074 | 36,074 | ||
TOTAL NON-CURRENT LIABILITIES | 255,038 | 264,338 | ||
Trade and other payables | 4,793,107 | 5,016,696 | ||
Borrowings | B6 | 50,501 | 49,366 | |
Taxation | 15,418 | 139,771 | ||
TOTAL CURRENT LIABILITIES | 4,859,026 | 5,205,833 | ||
TOTAL LIABILITIES | B1 | 5,114,064 | 5,470,171 | |
TOTAL EQUITY AND LIABILITIES | 10,938,355 | 11,257,537 | ||
Net assets per share attributable to ordinary equity holders of the | ||||
Parent (RM) | 5.81 | 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.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 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 | - | 260 | - | - | 260 | - | 260 |
Total other comprehensive | |||||||
income for the period | - | 260 | - | - | 260 | - | 260 |
Profit for the period | - | - | - | 577,548 | 577,548 | 5,517 | 583,065 |
Total comprehensive | |||||||
income for the period | - | 260 | - | 577,548 | 577,808 | 5,517 | 583,325 |
Dividends paid | - | - | - | (546,400) | (546,400) | - | (546,400) |
At 30 June 2023 | 993,454 | (6,231) | (305) | 4,787,235 | 5,774,153 | 50,138 | 5,824,291 |
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 30 June 2022
993,454 | (6,510) | (305) | 4,595,434 | 5,582,073 | 33,378 | 5,615,451 |
- | 27 | - | - | 27 | - | 27 |
- | 27 | - | - | 27 | - | 27 |
- | - | - | 356,173 | 356,173 | 3,591 | 359,764 |
- | 27 | - | 356,173 | 356,200 | 3,591 | 359,791 |
- | - | - | (307,971) | (307,971) | - | (307,971) |
993,454 | (6,483) | (305) | 4,643,636 | 5,630,302 | 36,969 | 5,667,271 |
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.
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Petronas Dagangan Bhd published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 07:33:04 UTC.
