PetChem posts strongest quarterly performance

PCG managing director/chief executive officer Mohd Yusri Mohamed Yusof

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) posted its strongest quarterly performance in the fourth quarter for the financial year ended Dec 31, 2021 (Q4 FY21) with a net profit of RM2bil on the back of RM7bil in revenue.

The record numbers were mainly contributed by improved product spreads from higher prices of urea, polymers and methanol.