Petronas Q2 net profit down on higher taxation

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit fell marginally to RM11.88bil in the second quarter ended Sept 30 from RM11.97bil a year ago due to higher taxation but the group is optimistic of its outlook.
President and chief executive officer Datuk Shamsul Azhar Abbas said Petronas hoped to achieve a pre-tax profit of about RM80bil for the full financial year ending March 31, 2011 (FY11).
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Source: The Star