KUALA LUMPUR: PETRONAS DAGANGAN BHD [] is allocating close to RM500 million as capital expenditure for this year, the large chunk of which be invested in its retail segment.
Managing director and CEO Amir Hamzah Azizan said on Tuesday, July 27 that 75% to 85% of the capex will be channelled towards the retail segment.
The retail and commercial segments contribute around 46% to 47% each to the group's revenue, with 5% coming from the liquefied petroleum gas (LPG).
"Focus will be on growing the retail segment. We are currently No. 2 in the market, behind Shell," said Amir Hamzah after the AGM.
Petronas Dagangan's market share for the retail segment is 32% and commercial segment 64%. For LPG, it is the market leader with a share of 52%.
Managing director and CEO Amir Hamzah Azizan said on Tuesday, July 27 that 75% to 85% of the capex will be channelled towards the retail segment.
The retail and commercial segments contribute around 46% to 47% each to the group's revenue, with 5% coming from the liquefied petroleum gas (LPG).
"Focus will be on growing the retail segment. We are currently No. 2 in the market, behind Shell," said Amir Hamzah after the AGM.
Petronas Dagangan's market share for the retail segment is 32% and commercial segment 64%. For LPG, it is the market leader with a share of 52%.
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