PetChem expects product prices to stabilise soon

“Our key focus areas in 2020 include the ramp-up and commercialisation of Pengerang Integrated Complex which are currently undergoing performance test-runs, ” managing director and CEO Datuk Sazali Hamzah(pic) pointed out.

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects product prices to stabilise in the coming quarter after a weak October-December period.

Net profit in the fourth quarter ended Dec 31 (Q4FY19) fell 66% to RM340mil as revenue fell 16% to RM4.23bil.