In the quarter ended June 30, it turned in a profit before tax (PBT) of RM315.5 million, compared with RM89.9 million in the same quarter in 2021.

In a press statement issued today, the company said higher sales volume and improved average selling prices also helped to boost revenue to RM9.5 billion during the quarter under review, an 83% increase over the previous corresponding period.

For the six-month period to June 30, the revenue rose to RM17.1 billion, up 66% compared with the same period in the 2021 financial year.

The company attributed the better performance to the pick-up in domestic and international travel after Malaysia made the transition to the endemic stage of Covid-19 as well as during the festive seasons.

PBD said its retail and commercial segments recorded higher sales as demand rose in tandem with the reopening of international borders.

Managing director and CEO Azrul Osman Rani expects the company to maintain its growth recovery on the back of positive economic developments.

However, he said, the company would remain cautious given the ongoing volatility of crude oil prices.

Azrul said PBD would continue to expand its revenue streams in the sustainability sector through accelerated adoption of clean energy. This, he said, would be done by adding more fast-charging facilities at Petronas stations through collaborations with electric vehicle (EV) industry partners.