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Malaysia's Petronas Q1 profit doubles as commodity prices recover

KUALA LUMPUR, May 31 (Reuters) - Malaysian state oil firm Petronas on Monday posted a more than doubling in first-quarter profit on the back of a recovery in commodity prices and lower overall costs.

The world’s fourth-biggest LNG exporter said post-tax profit was 9.3 billion ringgit ($2.25 billion) for the January to March period, against 4.5 billion ringgit in the same quarter last year.

$1 = 4.1250 ringgit Reporting by Mei Mei Chu; Editing by Kirsten Donovan

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