Wednesday 23 November 2011

Petronas Chem posts RM1.15m Q2 profit

Petronas Chemicals Group Bhd, the petrochemicals arm of Malaysia’s state oil company, reported a second-quarter profit of RM1.15 billion.

It didn’t give a year ago comparison after changing the group’s financial year. Revenue for the three months through September was RM4.64 billion with olefins and derivatives leading sales, the Kuala Lumpur-based company said in a statement late yesterday.

Earnings in the current quarter ending December 31 are likely to be “satisfactory” so long as there is sufficient methane gas supply, it said. -- Bloomberg



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