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: 2022-03-03T01:47:35+00:00
Duration: 12 min 49 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 argues that this is because of their cost cutting measures that was part of 'Project Cactus'. Is this true, find out more.

AWANI

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

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