Petronas Chemicals posts best quarterly performance, net profit at RM2bil in 4Q21

PCG managing director/chief executive officer Mohd Yusri Mohamed Yusof

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) posted its strongest quarterly performance in the fourth quarter ended Dec 31, 2021 (4Q21) since its incorporation and Bursa Malaysia listing in 2010.

The group recorded a net profit of RM2bil on the back of RM7bil in revenue, mainly contributed by improved product spreads from higher prices of urea, polymers and methanol.