On the back of this, its quarterly earnings per share ballooned to 68 sen from 15.60 sen, according to the bourse filing. However, the group did not declare a dividend for the quarter under review, despite the strong set of earnings. Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges. Quarterly revenue more than doubled to RM5.6 billion from RM2.03 billion, due to strong crude oil prices. Petron’s share price gained 24 sen or 4.32% to close at RM5.80 on Thursday (Aug 25), giving it a market capitalisation of RM1.57 billion.
