PETALING JAYA: Petronas Chemicals Group Bhd
(PetChem) reported 18.3% higher net profit year-on-year (y-o-y) to RM737mil for its first quarter (Q1) ended June 30, 2011, compared with RM623mil in the corresponding period last year, on higher revenue driven primarily by strong product prices.
For the quarter in review, the integrated petrochemical producer posted a revenue of RM3.3bil, which represented an increase of 6% y-o-y.
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