KUALA LUMPUR, March 1 (Bernama) -- PETRONAS has posted a Profit After Tax (PAT) of RM48.6 billion for the financial year ended 31 December 2021, achieved on the back of RM248.0 billion in revenue

The sustained operational resilience demonstrated by the Group contributed to its strong performance, further supported by surging commodity prices driven by the recovery in global energy demand as key economies reopened and travel restrictions eased amid higher COVID-19 vaccination rates around the world.

FY2021 Results
(Analysis against FY2020)
 
The Group recorded a Profit After Tax (PAT) of RM48.6 billion in contrast to a Loss After Tax (LAT) of RM21.0 billion in 2020, with higher EBITDA and lower net impairment losses in the current year following an upward trend in prices partially offset by higher taxation.

KUALA LUMPUR, March 3 (Bernama) -- The Malaysian Timber Council (MTC) has appointed Puan Noraihan Abdul Rahman as its new Chief Operations Officer (COO) effective 1 March 2022. Noraihan takes over from Mr. Roger Chin Chew Choy. Noraihan is the first woman to be appointed as the COO since MTC began its operations in 1992.
 
“I am very happy that Noraihan has been appointed as COO. Being a woman, I am very proud of this,” said MTC Chairman Madam Hajah Norrida Yusoff, who incidentally is also MTC’s first woman Chair.
 
Noraihan, who holds a B.Sc in Business Administration (Marketing) from the University of Arizona, USA, started her career in MTC in July 1995 as an officer in the Market Promotion Division (MPD). She was promoted to the post of Executive in 2000 and Senior Executive in 2004.

Kuala Lumpur. Mercedes-Maybach, the ultimate luxury sub brand of Mercedes-Benz today announces the launch of two highly exclusive models, adding to the brands luxury portfolio, the new Mercedes-Maybach S-Class, and Mercedes-Maybach GLS. This establishes Mercedes-Benz once again as the pioneer in automotive luxury amongst local luxury car owners.

Sagree Sardien, President & CEO, Mercedes-Benz Malaysia said, “Mercedes-Maybach is the pinnacle of automotive excellence at Mercedes-Benz. As we celebrate 100 years of Maybach’s unique heritage at the forefront of luxury experience, we remain passionate about driving the brand forward to set the highest standards in style, comfort and outstanding craftsmanship. These new vehicles today are taking the next step towards exclusive luxury, setting the benchmark in this segment.”