KUALA LUMPUR: Shell Refining Co (FOM) Bhd's pre-tax loss for the third quarter ended Sept 30, 2011 rose to RM200.06 million from RM26.40 million in the same period of 2010.
Its revenue, however, rose to RM3.07 billion from RM2.65 billion previously.
In a filing to Bursa Malaysia today, Shell said the main contributing factors to the quarter's performance were weak refining margins and lower production.
Its chairman, Anuar Taib, said the refining margins were expected to improve in the fourth quarter with possibly stronger mogas demand.
"However, we will continue to take every opportunity to optimise margins," he said. - Bernama
