· Plant Utilisation at 97%
·EBITDA Margin at 38%
·Interim Dividend of RM1.84 billion
KUALA LUMPUR, Aug 25 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) delivered strong quarterly revenue and profits for 2Q 2021. Its performance was boosted by significant jump in petrochemical product prices fuelled by rising crude oil prices and strong rebound in global demand.
The Group’s Profit After Tax (PAT) of RM1.9 billion is largely contributed by improvement in product margins despite operating in a very challenging environment arising from COVID-19 resurgence and supply chain disruptions. On a cumulative basis, PAT increased to RM3.3 billion in 1H 2021 against RM678 million in the same period last year.
- Chinese Flying Vehicle Conducted Demo Flight In UAE
- Türkiye’s Erdogan To Attend Gaza Peace Summit In Egypt
- Egypt To Host Gaza Peace Summit Today
- UN Chief To Attend Gaza Peace Summit In Egypt
- Egypt Moves To Deliver Aid To Gaza After Ceasefire: President
- Provisional Results Out After Voting Closes At New Zealand Local Election
- Paramilitary Trooper Killed, Two Others Wounded In IED Blast In India’s Jharkhand
- India FM Says New Delhi To Reopen Its Embassy In Kabul
- Palestinians Resume Movement To Northern Gaza After Ceasefire: UN
- Japan Ruling Party’s Junior Ally Komeito To End Coalition