PETRONAS Chemicals pares losses in 3Q on lower forex loss


PETRONAS Chemicals managing director and CEO Mazuin Ismail

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) narrowed its net losses in the third quarter ended Sept 30, 2025 (3QFY25), with overall earnings improvement delivered by stronger operational performance, continued cost discipline and lower foreign exchange impact amidst the challenging chemicals market. 

In the quarter under review, the group's net loss was reduced to RM289mil as compared to a net loss of RM789mil in the year-ago quarter, attributed to lower unrealised foreign exchange loss on revaluation of shareholders loan to a joint operation entity. Loss per share shrank to four sen from 10 sen previously.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Stocks slide, oil gains with Mideast ceasefire prospects centre stage
Fresh growth opportunities open for MNCs
George Kent redeems RM132mil sukuk
Aemulus wins RM10.5mil order, marks debut in India
ICT Zone Asia secures RM24.5mil ICT hardware purchase order
FBM KLCI remains steady amid choppy trading
China's yuan edges down as dollar gains; investors watch Iran war talks
MTT Shipping and Logistics targets RM652.5mil IPO to fund fleet expansion
Trump's tariffs had little impact on GDP in 2025, but raised revenue, academic paper finds
Oil prices climb as investors reassess Middle East ceasefire prospects

Others Also Read