Azrul said the group would continue to monitor global headwinds and any policy changes that could impact on its operations.
remains cautiously optimistic about its core businesses and non-fuel segment for the financial year 2023 .
"We also have our cash flow and liquidity consideration to ensure that we can withstand any unexpected turbulence. So, I would think, for 2023, we are cautiously optimistic about our prospects,” he told a media conference after the company’s 41st Annual General Meeting today. "In terms of jet fuel sales, we see more planes . As is known, PDB has the biggest market share in terms of the sale of jet A-1 fuel. So just to compare the second half of 2019 with 2H 2022, it’s almost 80 per cent fully recovered in terms of aviation.
The company also declared a total dividend of 76 sen per ordinary share, which represents a 100 per cent payout ratio. In 2022, PDB’s retail business registered the highest sales record leveraging the strengths of its network and dealers, world-class fuel product offerings and innovative digital solutions.
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