,KUALA LUMPUR (Bernama) -- Petronas Dagangan Bhd’s net profit jumped to RM82.14 million in the second quarter ended June 30, 2021 from the RM3.15 million recorded in the same period a year ago on the back of improved oil prices and higher volume.Revenue grew to RM5.14 billion versus RM2.93 billion while its basic earnings per share surged to 8.30 sen from 0.40 sen.Commenting on the company’s performance, managing director and chief executive officer Azrul Osman Rani said Petronas Dagangan’s business has gradually improved from last year although it remains cautious of current uncertainties and would continue to be prudent and optimise its resources."We will also continue to look at diversification of our portfolio while leveraging strategic partnerships and digital platforms that can support our future-proof strategies to bring value-add to our customers,” he said in a statement.Azrul said in line with accelerating its non-fuel segment, the retail business would be expanding its food-on-the-go (ready-to-eat) solutions corner in Kedai Mesra to 80 locations nationwide by end of the year.The petrol retailer will also leverage its digital platform to offer customers a more seamless experience via the integration of its Mesra loyalty programme with the Setel app.In the same quarter, the company’s liquified petroleum gas business introduced the Gas Petronas mobile app at selected areas in the Klang Valley to facilitate the ordering of cooking gas."The prolonged pandemic remains a key risk for Petronas Dagangan. However, we anticipate the government’s recent announcement on the relaxation of restrictions will help to stimulate economic activities."We will continue to monitor the market trend for growth opportunities and accelerate our targeted marketing campaigns,” Azrul said.Petronas Dagangan declared an interim dividend of 10 sen per ordinary share for the second quarter.At the close today, shares of Petronas Dagangan rose 0.43 per cent to RM18.80 with 78,400 shares transacted.
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