In a filing with Bursa Malaysia yesterday, the group said the utilisation rate of its plants increased to 88% compared with 66% in the corresponding quarter of 2013 with improvement in methane gas supply and utilities supply as well as better plant reliability. Revenue for the fourth quarter climbed 16% to RM3.9bil from RM3.35bil previously. (file pic)
PETALING JAYA: Petronas Chemicals Group Bhd
’s (PetChem) net profit rose 11% to RM500mil in the fourth quarter ended Dec 31, from RM450mil a year earlier, on higher production and sales volume following stronger operational performance.
In a filing with Bursa Malaysia yesterday, the group said the utilisation rate of its plants increased to 88% compared with 66% in the corresponding quarter of 2013 with improvement in methane gas supply and utilities supply as well as better plant reliability.
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