Petronas Dagangan slips into red in Q1, dividend falls by two-thirds

Petronas Dagangan Bhd (PetDag) slipped into the red in the first quarter (Q1) ended March 31, 2020, recording a net loss of RM29.42 million compared with a net profit of RM291.20 million a year earlier.

Revenue also declined to RM6.55 billion compared with RM7.81 billion in the same period last year...