{"id":212012,"date":"2023-02-23T17:02:11","date_gmt":"2023-02-23T09:02:11","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=212012"},"modified":"2023-02-23T17:02:12","modified_gmt":"2023-02-23T09:02:12","slug":"pcg-records-strong-pat-of-rm6-3-billion-in-fy2022","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=212012","title":{"rendered":"PCG Records Strong PAT Of RM6.3 Billion In FY2022"},"content":{"rendered":"\n<p><strong>KUALA LUMPUR, Feb 23 (Bernama) &#8212;<\/strong>\u00a0PETRONAS 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.<br>\u00a0<br>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\u2019s 93% due to several statutory turnaround and maintenance activities undertaken during the year.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=45485\">http:\/\/mrem.bernama.com\/viewsm.php?idm=45485<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Feb 23 (Bernama) &#8212;\u00a0PETRONAS 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 [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/212012"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=212012"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/212012\/revisions"}],"predecessor-version":[{"id":212013,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/212012\/revisions\/212013"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=212012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=212012"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=212012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}