A Petronas Chemicals plant
KUALA LUMPUR: Petronas Chemicals Group Bhd
’s (PetChem) net profit increased by 37.6% to RM1.257bil in the third quarter ended Sept 30 from RM913mil a year ago, underpinned by higher revenue, supported by lower tax expenses and higher interest income.
In an announcement to Bursa Malaysia, the company said its revenue rose 20.3% to RM4.83bil from RM4.01bil due to higher product prices, partially offset by lower sales volumes and the strengthening of the ringgit against the US dollar.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
