KUALA LUMPUR (Feb 23): Petron Malaysia Refining & Marketing Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) rose 45.06% to RM42.02 million from RM28.97 million a year ago, mainly due to inventory holding gains and improved refining margin. Its revenue, however, fell 48.09% to RM1.51 billion, from RM2.91 billion, due to lower sales volume and oil prices, its filing to Bursa Malaysia showed. The group said, due to reduced movement and economic activities amid the conditional movement control order during the period under review, the group recorded lower sales volume at 6.8 million barrels during the quarter, as compared to 9.2 million barrels sales volume over the same period in 2019.