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Petronas Chemicals Bhd posted net profit of RM1.019bil in the first quarter ended March 31, 2012, down 7.5% from the RM1.214bil a year ago.
DRB-HICOM has partially consolidated Proton Holdings Bhd’s earnings in the fourth quarter of 2012 after acquiring a 50.01% stake in Proton on March 16. DRB-Hicom incurred higher net finance expenses in the fourth quarter due to loans to complete the acquisition.
Key regional markets fell in the morning session on Monday, with the key indices down between 1% and 3.45% while the FBM KLCI fell below 1,560 as tepid US job growth in May and euro zone worries weighed on sentiment.
Blue chips slipped in early trade on Friday on mild profit taking after three straight days of gains, with KLK and PetChem among the decliners.