Mas posts net loss on higher fuel costs and derivative losses
MAS posted a net loss of RM526.68 million for the quarter ended June 30 compared to a net loss of RM534.72 million in the same quarter a year ago on higher fuel costs and derivative losses.
State-owned fuel retailers have seen losses on diesel sale touch a record Rs 10.74 per litre as government continues to bar them from raising rates in line with spurt in cost of raw material.