KUALA LUMPUR, May 29 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) posted quarterly Profit After Tax (PAT) of RM536 million for first quarter of Financial Year Ending 31 December 2023 (1Q 2023) against a backdrop of global economic uncertainties as well as softening consumer and manufacturing demand. The Group sustained financial resilience despite declines in average product prices, particularly urea, coupled with higher utilities and fuel costs. Comparatively, the 1Q 2023 PAT represent an 11% increase from RM484 million in 4Q 2022.
Key highlights 1Q 2023 vs 4Q 2022
