PETRONAS Chemicals Group Berhad reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was MYR 7,728 million compared to MYR 7,113 million a year ago. Net income was MYR 777 million compared to MYR 628 million a year ago. Basic earnings per share from continuing operations was MYR 0.1 compared to MYR 0.08 a year ago.
For the six months, sales was MYR 15,227 million compared to MYR 14,670 million a year ago. Net income was MYR 1,445 million compared to MYR 1,160 million a year ago. Basic earnings per share from continuing operations was MYR 0.18 compared to MYR 0.15 a year ago.
PETRONAS Chemicals Group Berhad is a Malaysia-based integrated chemicals company. The Company operates in the manufacturing, marketing and selling of a diversified range of petrochemicals. The Companyâs segments include Olefins & Derivatives (O&D), Fertilisers & Methanol (F&M), Specialties, and Others. O&D segmentâs activities include manufacturing and marketing of a range of olefins and polymer products, which are used as basic feedstock for other products, to intermediate products including basic and high-performance chemicals. F&M segmentâs activities include manufacturing and marketing of methanol and a range of nitrogen, phosphate and compound fertilizers. Specialties segmentâs activities include manufacturing and marketing of advanced chemicals and solutions, animal nutrition, silicone and lube oil additives and chemicals. Others segments comprise operations related to investment holding and port services which provide product distribution infrastructure for the Company.
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