Petroliam Nasional Bhd., Malaysia’s state energy company, said it will struggle to match last year’s earnings after second-quarter profit fell 34 percent on lower crude oil prices.
Net income dropped to 12.8 billion ringgit ($4.1 billion) in the three months ended June 30 from 19.4 billion ringgit a year earlier, the company known as Petronas said in a statement in Kuala Lumpur today. Revenue slipped 3 percent to 70.7 billion ringgit, also hurt by a production shutdown in South Sudan.
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