KUALA LUMPUR, April 19 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) yesterday held its 25th annual general meeting (AGM) to present the Company’s performance to its shareholders for the financial year ended 31 December 2022. The AGM was chaired by PCG Chairman, Datuk Ir. (Dr.) Abdul Rahim Hashim, with all the Board members, PCG Managing Director/Chief Executive Officer, Ir. Mohd Yusri Mohamed Yusof and Chief Financial Officer, Mohd Azli Ishak, in attendance. In addition, Ir. Mohd Yusri shared the Company’s performance, growth plans, sustainability strategy and outlook for 2023.
Strong performance to deliver value to stakeholders
PCG recorded a commendable performance in 2022 against geopolitical conflicts, market volatilities and general industry challenges. The Company continued to demonstrate operational and commercial resilience, despite uncertainties in the energy and commodity markets resulting in a surge in crude oil and petrochemical prices, along with China’s persistent zero-COVID policy and higher cost of operations driven by increased energy and logistics costs. PCG recorded production volume of 10.4 million tonnes per annum (tpa), sales volume of 8.3 million tpa and continued its excellent track record on safety. PCG closed 2022 with a record revenue of RM29.0 billion and profit after tax of RM6.3 billion.
