KUALA LUMPUR, May 21 — Petron Malaysia Refining and Marketing Bhd has returned to the black, registering a pre-tax profit of RM82.35 million for the first quarter ended March 31, 2015 from a pre-tax loss of RM9.33 million in the same period of last year.          

Revenue, however, was lower at RM1.84 billion from RM2.94 billion.          

In a filing to Bursa Malaysia, Petron Malaysia attributed the improved financial performance to proactive risk management, better operating efficiencies and improved margins, while the lower revenue reflected a drop in oil prices.          

The company said it will carry out projects that can further enhance its supply chain to better support the expanding network of retail stations and customer base.          

The company’s initiative to link the Port Dickson Refinery via the multi-product pipeline to the Klang Valley Distribution Terminal is expected to be completed by the end of the second quarter. — Bernama