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
(PetChem) registered a 42.3% year-on-year increase in net profit to RM1.37bil for the second quarter ended June 30, bringing its first half’s net profit to RM2.44bil, up 7.9% compared with the corresponding period last year.
According to its filing with Bursa Malaysia, the higher net profit during the second quarter was due to higher interest income and lower tax expenses.
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