KUALA LUMPUR, Malaysia—Petroliam Nasional Bhd.'s profit fell 36% for its fiscal third quarter in the absence of gains from stock-market listings a year earlier. The state-owned company also said a dispute in Sudan is likely to slow production this year.
Revenue rose 30% to 78 billion ringgit.
Growth this year and next "will not be as strong as we have seen last year, as the current level of crude-oil prices won't last long. It is hurting the global economic growth," Petronas President and Chief Executive Shamsul Azhar Abbas said. "Only in 2014 will we see some upside" in terms of production.
The company's operations in North Sudan are running normally. "From the north, production is still ongoing but that's only 20,000 barrels" a day, said Wee Yiaw Hin, Petronas's executive vice president for exploration and production.
Petronas is Malaysia's only Fortune 500 company and the country's most profitable enterprise.