KUALA LUMPUR, August 16 - Esso Malaysia Berhad today announced the Company's second quarter and first half results for the year ended June 30, 2011 as follows:

The Company recorded an after tax profit of RM2 million in the second quarter, RM69 million lower than the corresponding quarter last year due to the higher cost of crude feedstock which affected overall margins as the product prices did not keep pace.  The first half 2011 profit of RM157 million, which included inventory holding gains totaling RM111 million, was a RM25 million improvement compared to profits in the first half of 2010.

Revenues for the second quarter and first half of the year were RM3.0 billion and RM5.7 billion respectively, versus RM2.2 billion and RM4.3 billion for the same period in 2010, driven by higher average product prices and volume.

The overall positive results demonstrate the value of our integrated business and our emphasis on operational efficiencies during a period of price volatility.      

Global economic trends will continue to influence the crude price environment and industry outlook.  Given the impact these will have on potential earnings, the Company will maintain its focus on flawless operations, product and service quality and cost control.