Petronas first quarter 2023 earnings

Key Financial Results

Revenue: RM8.65b (up 14% from 1Q 2022).
Net income: RM301.8m (up 155% from 1Q 2022).
Profit margin: 3.5% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue.
EPS: RM0.30 (up from RM0.12 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period

Petronas Dagangan Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.1% decline forecast for the Oil and Gas industry in Asia. The company’s shares are up 2.3% from a week ago.

Risk Analysis

We should say that we’ve discovered 1 warning sign for Petronas Dagangan Berhad that you should be aware of before investing here.