Petronas Post 50% JUMP in Net Profit
For its year ended March 31 2005, Petronas returned RM31 billion to the Government, 47% higher compared with the last year. Since its incorporation, Petronas is reported to have paid the government a total of RM246 billion. During its last financial year, too, Petronas subsidised some RM6 billion for natural gas supplied to Malaysia's power sector.
The RM31.2 billion Petronas paid the Government include corporate taxes, royalties, export duty and dividends.
Petronas revenue hit a record RM137 billion, a 40.5 per cent increase from RM97.5 billion registered last year.
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