PETRONAS Chemicals registers improved net profit of RM668mil in 1Q

PETRONAS Chemicals managing director and chief executive officer Mazuin Ismail

KUALA LUMPUR: Petronas Chemicals Group Bhd remains mindful of the ongoing geopolitical tensions that are contributing to volatility in energy and feedstock prices, as well as the uncertain macroeconomic environment, said managing director and CEO Mazuin Ismail.

"In addition, we are mindful of the potential impact of new capacities entering the market, contributing to an oversupply situation that will likely continue to keep pressure on product prices and margins," he added.