Petroliam Nasional Bhd's (Petronas) pre-tax profit for the financial year ended December 31, 2013 increased by 5% to RM95.61 billion as compared to RM91.07 billion in 2012.
Revenue rose by 9% to RM317.31 billion from RM291.23 billion in the previous year, the group's executive vice-president (finance) Datuk George Ratilal told a media briefing today.
"Total assets increased to RM528.7 billion in 2013 as compared to RM489.2 billion in the previous year primarily due to the profit generated for the year," he said.
The increase of shareholders' equity by RM28.8 billion to RM335.8 billion as of December 31, 2013 was mainly due to the net impact of profit attributable to shareholders of the company, the approved final dividend in the financial year 2012 and the declared interim dividend in 2013, he explained.
He said the higher shareholders' equity resulted in a decline in the gearing ratio to 11% as at December 31, 2013 as compared to 11.7% in year 2012 despite a marginal increase in the debt level. – Bernama, March 4, 2014.
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