Petronas Dagangan Bhd's (PetDag) net profit dropped 29.5% to RM89.21 million in the fourth quarter ended Dec 31, 2020 (4QFY20) from RM126.59 million previously, as revenue fell 43.6% to RM4.4 billion from RM7.79 billion. PetDag attributed the performance to a decrease in sales volume and lower average prices during the quarter, due to the sharp decline in Means of Platts Singapore (MOPS) prices. Nevertheless, it declared an interim dividend of 17 sen per share, lower than the 40 sen payout a year ago, which will be paid on March 19. This brings its total FY20 dividend payout to 38 sen per share, versus 85 sen in FY19. For FY20, its net profit fell 66.7% to RM275.96 million from RM829.54 million, as revenue declined 38.2% to RM18.71 billion from RM30.29 billion. Malakoff Corp Bhd posted a net profit of RM41.64 million in the fourth quarter ended Dec 31, 2020 compared with RM106.41 million last year, marking a 61% drop.