Petronas Dagangan seeks rapid growth of convenience segment FMTNews FMTBusiness
Petronas Dagangan Bhd CFO Farzlina Murad, managing director and CEO Azrul Rani, chairman Anuar Ahmad, and COO Khalil Jaffri at the press conference after the company’s 41st AGM at the Kuala Lumpur Convention Centre.
In the 2022 financial year , PetDag’s convenience or “non-fuel” segment contributed RM16.12 million or 1.4% of its operating profit of RM1.15 billion. She insisted that the expansion in the segment – namely the Setel App and Cafe Mesra – is a journey the group will have to go through, despite the growing pains.
PetDag also grew its convenience offering via Setel to include road tax renewal and payment to merchants and stores at the North-South Expressway rest and service areas. Azrul emphasised that PetDag will still be focused on its core fuel business, which he believes has a long runway to go, while looking into diversification opportunities.
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