PetChem posts record net profit since listing

Datuk Sazali Hamzah

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has recorded its highest net profit since its listing for the financial year ended Dec 31, 2018 (FY18) with a 19.2% growth year-on-year (y-o-y) to RM4.98bil.

This was on the back of a higher earnings before interest, taxes, depreciation and amortisation of RM7bil, further supported by a lower tax expense.