92% plant utilisation, 15% PAT growth
KUALA LUMPUR, Feb 25 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) achieved record performance with highest revenue, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) and Profit After Tax (PAT) for the 12-month period ended 31 December 2018.
Revenue grew 12% year-on-year to RM19.6 billion driven by higher production and sales volume coupled with higher average product prices. The Group sustained its excellent operational performance with plant utilisation rate of 92% notwithstanding the heavy statutory turnaround activities completed at several of its major plants during the year. Average product prices was higher during most of 2018 lifted by the buoyant crude oil prices then.
