KUALA LUMPUR: Petronas Chemicals Group Bhd's net profit for the third quarter ended Sept 30, 2021, was RM1.96bil, more than four times net profit of RM471mil in the previous corresponding quarter, due to higher petrochemical product prices.
The group said in a Monday statement an extended rise in crude oil prices coupled with a prolonged tight supply environment resulted in high product prices during the quarter.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!