A Particle of Boredom

Huhu…… PETRONAS moved down in this year FORTUNE 500 ranking.

Malaysia’s biggest company, state energy firm Petronas falls to 107th position from 80th last in Fortune 500 ranking in 2010.  PETRONAS who revealed last week a 23.2 percent plunge in net profit for the fiscal year ended March 31 due to weak demand and low oil and gas prices. Petronas said its net profit was 40.3 billion ringgit (US$13 billion) compared with 52.5 billion ringgit a year earlier. Revenue fell 18 percent to 216.4 billion ringgit due to a contraction in product prices and lower sales volume. Petronas is Malaysia’s only Fortune 500 company and the country’s most profitable firm. It is also among Malaysia’s largest bond issuers.

There’re some (good/bad) points to share for this year Fortune 500 :

• PETRONAS at no 107th in this year ranking.
• PETRONAS is a 20th biggest company in Asia.
• In the term of Most Profitable Company, PETRONAS at no 25th in world.
• PETRONAS still the only company from Malaysia listed in Fortune 500
• Singapore’s got two companies but their position are still far behind PETRONAS .. ( 300 +++ position)
• PETRONAS is ahead of NOKIA, Microsoft, Dell, Goldman Sachs in this year Fortune 500 company ..

Cammon … PETRONAS … let’s climb back next year .. make us proud