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Shell Refining posts net profit of RM 221 million for Second Quarter 2009

27/08/2009

Kuala Lumpur, 27 August 2009: Shell Refining Company (Federation of Malaya) Berhad (“Shell Refining” or the “Company”) today announced an after-tax net profit of RM 221 million for the second quarter 2009, bringing the year to date results to RM 334 million. For 2008, comparable earnings for the quarter and year to date, was RM 357 million and RM 480 million respectively. This decrease is mainly due to lower refining margins and stock gains.

 

Shell Refining Chairman, Dato’ Saw Choo Boon, said: “Financial results are satisfactory in this challenging market environment. The Company will continue to pursue operational excellence, proactive margin improvement and cost effectiveness whilst maintaining a strong Health, Safety and Environment performance.”


The refinery successfully processed 9.3 million barrels of crude oil and feedstock and sold 10 million barrels of products during the quarter.

 

The Company’s continued strong focus on safety has allowed it to sustain zero Lost Time Injury (LTI) up to 30 June 2009, resulting in 10 million man-hours without any LTI since 21 May 2001.


Note to Editors:
Shell Refining Company (Federation of Malaya) Berhad was formed in 1960 as a public listed company. It currently has 49% public participation and 51% held by Shell Overseas Holding Limited. The Company operates with state-of-the-art technology and is the key petroleum products supplier to Shell's Oil Products businesses in Malaysia. The oil refinery at Port Dickson has a licensed production capacity of 156,000 barrels per day and produces a comprehensive range of petroleum products, some 90% of which are consumed within Malaysia.


ENQUIRIES:
Issued by Shell Malaysia Corporate Affairs. For more information, please contact

Cindy Lopez at : cindy.lopez@shell.com or 03 2091 3719.

 

 

 

 

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