PCG Records FY2023 Pat Of RM1.8 Billion

KUALA LUMPUR, Feb 26 (Bernama) — PETRONAS Chemicals Group Berhad recorded revenue of RM28.7 billion for the full year ended 31 December 2023, a marginal decline against RM29.0 billion in FY2022, amidst a tough year for the global chemical industry. Moderating economic growth and slower-than-anticipated China recovery weighed in on the industry leading to lower product demand and softening prices. Concurrently, geopolitical tensions kept energy prices high, resulting in higher feedstock costs and margin compression.  

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