What did PETRONAS do to get profits up 12% when revenue is down considerably

Name: What did PETRONAS do to get profits up 12% when revenue is down considerably
Uploaded: 2022-03-03T02:35:15+00:00
Duration: 9 min 45 s
Channel: AWANI
Description: PETRONAS year on year earnings is up 12%, and quarterly profits is up 85%. But their revenues dip 17%. Ibrahim Sani and Luqman Hariz argues that this is because of their cost cutting measures that was part of 'Project Cactus'.

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PETRONAS year on year earnings is up 12%, and quarterly profits is up 85%. But their revenues dip 17%. Ibrahim Sani and Luqman Hariz argues that this is because of their cost cutting measures that was part of 'Project Cactus'.

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