Petronas caps dividends to government at 30%

Reading Time: 1 minute

Petronas caps dividends to government at 30%Petronas, Malaysia’s state-backed energy corporation, has announced a new deal with the government that would have Petronas pay no more than 30% of its profits in dividends the government.  This year, the RM30 billion that Petronas paid was close to 69% of its net profits, and last year they paid about 63%.  The company hopes that this new deal will create “certainty and predictability” for them, according to Vice President of Finance Datuk George Ratilal.

 

Share your vote!


Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Petronas, Malaysia’s state-backed energy corporation, has announced a new deal with the government that would have Petronas pay no more than 30% of its profits in dividends the government.  This year, the RM30 billion that Petronas paid was close to 69% of its net profits, and last year they paid about 63%.  The company hopes that this new deal will create “certainty and predictability” for them, according to Vice President of Finance Datuk George Ratilal.  

Reading Time: 1 minute

Petronas caps dividends to government at 30%Petronas, Malaysia’s state-backed energy corporation, has announced a new deal with the government that would have Petronas pay no more than 30% of its profits in dividends the government.  This year, the RM30 billion that Petronas paid was close to 69% of its net profits, and last year they paid about 63%.  The company hopes that this new deal will create “certainty and predictability” for them, according to Vice President of Finance Datuk George Ratilal.

 

Share your vote!


Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

NO COMMENTS

Leave a Reply