In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3.
PETALING JAYA: Petronas Chemicals Group Bhd
’s (PetChem) net profit for its fourth quarter ended Dec 31, 2017 rose to RM1.01bil from RM987mil in the previous corresponding period, backed by higher crude oil prices and a better sales volume from the commencement of the Sabah Ammonia and Urea (Samur) project.
In a filing with Bursa Malaysia yesterday, the oil and gas company said revenue in the fourth quarter increased to RM4.74bil from RM3.95bil a year earlier.
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