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PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported 18.3% higher net profit year-on-year (y-o-y) to RM737mil for its first quarter (Q1) ended June 30, 2011, compared with RM623mil in the corresponding period last year, on higher revenue driven primarily by strong product prices.
Commodities including oil and gold fell on worries about the eurozone debt crisis at midday on Friday while all key regional equities markets were in the red, posting losses of up 1.4%.
Key regional markets were mostly higher in cautious trade at midday on Monday, with the FBM KLCI barely higher while volume shrunk significantly from last Friday.