KUALA LUMPUR: Petronas Chemicals Group Bhd recorded its highest-ever quarterly earnings of RM1.86bil in the second quarter ended June 30, 2021, representing a nine-fold increase over RM186mil recorded in the previous corresponding quarter on the back of a recovery in crude oil prices.
The group's revenue was 76% higher year-on-year (y-o-y) to RM5.6bil due to the product prices growing in tandem with crude prices.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!