PetChem profit up on higher sales and forex rate


KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) posted slightly higher earnings of RM557mil in the second quarter ended June 30, from the RM555mil a year ago.

In a filing with Bursa Malaysia, the company said its revenue dipped 1% to RM3.3bil from RM3.34bil a year ago but higher sales volumes and favourable exchange rate movement offset the impact of lower average product prices.

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