· 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.
- Russia, Ukraine swap 492 prisoners of war
- U.S. To Halve Its Troops In Syria
- U.S. Conducts 29 Fresh Airstrikes On Yemen As Houthi Leader Threatens Retaliation
- Iran Strongly Condemns ‘Brutal’ US Airstrikes On Yemen’s Fuel Port
- At Least 45 Palestinians Killed In Israeli Airstrikes Across Gaza Yesterday: Civil Defence
- Canadians Turn Up For Advance Voting
- Hezbollah Leader Rejects Disarmament Demands, Labels Them “Gift” To Israel
- Death Toll From U.S. Airstrikes On Yemeni Fuel Port Rises To 38: Houthis
- Second Round Of Indirect Talks Between Iran, U.S. To Be Held In Rome: Iranian Official
- Iraq Summoned Lebanese Ambassador Over President’s Remarks On PMF