KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) registered record high revenue of RM29.0 billion in Financial Year Ended 31 December 2022 (FY2022). The 26% year-on-year revenue growth against RM23.0 billion in FY2021 is attributed to higher product prices coupled with stronger US Dollar against the Malaysian Ringgit (USD/MYR) as well as revenue contribution from the recently acquired specialty chemicals subsidiary, Perstorp Holding AB (Perstorp). Following the acquisition of Perstorp, PCG introduced a new operating segment on specialties in its 4Q2022 financial statements.
The Group delivered strong Profit After Tax (PAT) of RM6.3 billion in FY2022, albeit 14% year-on-year lower compared to RM7.3 billion in FY2021. Plant utilisation was recorded at 89% compared to previous year’s 93% due to several statutory turnaround and maintenance activities undertaken during the year.
