National oil firm Petronas said today its full year net revenue surged 21 percent from the year before to a record high, buoyed by high oil prices and strong sales.

Net revenue in the year to March hit RM81.43 billion, the "highest in Petronas' 29 years of existence," chairman Azizan Zainul Abidin told a news conference.

However, net profit increased at a slower pace of about four percent to RM15.11 billion, Azizan said.