Petronas Chemicals Q2 earnings fall 42% to RM555m

KUALA LUMPUR: Petronas Chemicals Group Bhd's earnings fell 42% to RM555mil in the second quarter ended June 30, 2014 from RM958mil a year ago due to challenging market conditions.

PetChem said on Monday the tougher market conditions were due to increased supply availability for aromatics, fertilisers and methanol, while ethylene derivatives were affected by softer demand.