KUALA LUMPUR, Feb 21 (Bernama) — PETRONAS Chemicals Group Berhad (PCG or the Group), today announced its financial results for the fourth quarter (4Q 2024) and audited financial year ended 31 December 2024 (FY2024).
Demonstrating PCG’s operational resilience, the Group recorded 7% higher revenue of RM30.7 billion in FY2024, on the back of sales volume growth across its three business segments. However, profitability came under pressure due to challenging market conditions. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined year-on-year by 7% to RM3.5 billion due to lower spreads and higher operating cost. Profit After Tax (PAT) was 26% lower at RM1.3 billion in line with lower EBITDA and share of loss from associates and joint ventures.
