Bumper dividend from PetChem

Commenting on the group’s performance, managing director and chief executive officer Datuk Sazali Hamzah said PetChem had initially expected the market recovery to be moderate in the third quarter of 2021 onwards.However, product prices remained relatively high

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) will be paying RM800mil in special dividends as the group’s latest quarterly net profit surged to a record high, driven by stronger petrochemical product prices.

PetChem announced a special dividend of 10 sen per share for the financial year ending Dec 31, 2021 (FY21), to be paid on Dec 30. This is to commemorate the 10th anniversary of its listing, celebrated in 2020.