KUALA LUMPUR, May 20 - Esso Malaysia Berhad today announced the Company's first quarter results for the year ended March 31, 2010 as follows:

The Company recorded an after tax profit of RM61 million in the first quarter, compared to RM51 million profit recorded in the same period last year and RM17 million loss in the fourth quarter 2009. Overall, the current quarter's results were driven by higher margins partially offset by lower exports.

Revenues for the quarter were RM2.0 billion, higher compared to the RM1.5 billion recorded in the first quarter of 2009 reflecting higher average product prices.

Looking forward, domestic economic recovery supported by strong first quarter growth will potentially increase demand for petroleum products. However, 2010 remains a challenging year for the industry in view of uncertain global economy and crude price environment. Recognising these challenges, the Company will continue to strengthen its financial position through strategic investments and focusing on flawless operations, product and service quality and cost control.