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Jun 3, 2008

Petronas’ RM600 billion profit: Where has it all gone?

anilnetto - So the figure has been revealed. Petronas’ group profit before taxes, royalties, dividends and export duties amounted to RM570 billion for the period from its establishment in 1974 to 31 March 2007.

If you include the figure for the period until 31 March 2008, then you are probably looking at a figure closer to RM700 billion, with the higher oil prices.

Let’s see the breakdown of that RM570 billion:

Payments to the government (royalties, export duties, taxes and dividends) - RM359 billion

Allocations for shareholders, royalties and taxes abroad - RM41 billion

Profits re-invested in Petronas operations - RM170 billion

Total RM570 billion

(In case you are wondering where I got these figures from, they are from an oral response in Parliament to a question put forward to the Prime Minister by the MP for Bagan, Lim Guan Eng.)

... selanjutnya.


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