PetChem earnings soar on improved product prices

Petronas Chemicals Group Bhd managing director and CEO Mohd Yusri Mohamed Yusuf.

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) reported a 42.09% leap in net profit in the first quarter ended March 31, 2022, to a quarterly high of RM2.08bil from RM1.46bil in the previous corresponding quarter.

This was achieved on the back of higher product prices and strong demand.

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