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PetChem likely to see robust earnings
PETALING JAYA: Despite posting lower net profit in the first quarter of the year, Petronas Chemicals Group Bhd (PetChem) is likely to see robust earnings through 2018, driven by its olefins and derivatives segment
PetChem shares down ahead of Lotte’s listing
PETALING JAYA: Shares in Petronas Chemicals Group Bhd (PetChem) tumbled to their lowest level this year ahead of less pricier rival Lotte Chemical Titan Holding Bhd’s listing today.
Quick take: PetChem slides after RM760.8mil Da Vincci deal
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) shares fell in early trade Friday after the group said it would pay RM760.8mil for Dutch firm Da Vinci Group BV.
PetChem Q4 earnings rise to RM1bil backed by higher oil price
PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) net profit for its fourth quarter ended Dec 31, 2017 rose to RM1.01bil from RM987mil in the previous corresponding period, backed by higher crude oil prices and a better sales volume from the commencement of the Sabah Ammonia and Urea (Samur) project
PetChem plans RM2.7b capex
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) plans to spend RM2.6bil to RM2.7bil in capital expenditure (capex) this year, with the bulk of it allocated for its targeted plant turnaround exercise and to finance the group’s growth strategies.
PetChem MD: US-China trade war may impact firm
KUALA LUMPUR: Integrated chemicals producer Petronas Chemicals Group Bhd (PetChem) could be impacted if the trade war between the United States (US) and China continues to worsen, according to the group’s managing director and chief executive officer Datuk Sazali Hamzah.
PetChem earnings lower due to stronger ringgit
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has reported lower earnings of RM1.065bil in its first quarter ended March 31, 2018 due to the strengthening of the ringgit against the US dollar and a foreign-exchange (forex) loss on its loans.
PetChem expects crude oil to average US$50 per barrel
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem), which expects crude oil to average at about US$50 per barrel this year, is targeting an average utilisation rate of 90% for its plants this year.
PetChem Q2 profit soars on fertiliser expansion
PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) earnings for the second quarter ended June 30 more than doubled from a year ago after its huge fertiliser plant in Sabah began commercial production in May.
Lower income likely for PetChem on softer prices
PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem), which saw earnings growth of more than 100% in its first quarter ended March 31, 2017, could record lower income in its subsequent quarters due to softer product prices.
