Mixed showing for PETRONAS firms in 4Q24

PETRONAS Chemicals managing director and chief executive officer Mazuin Ismail.

PETALING JAYA: Petroliam Nasional Bhd’s (PETRONAS) downstream companies posted a mixed bag of corporate results for the final quarter of 2024 (4Q24).

Petronas Chemicals Group Bhd (PetChem), in its filing with Bursa Malaysia, noted a foreign-exchange gain of over RM700mil from a shareholder loan to a joint-venture entity boosted its bottom line for the quarter.