trending Market Intelligence /marketintelligence/en/news-insights/trending/lmODLTzAB9I8f5yDZOtDxw2 content esgSubNav
In This List

Petronas Chemicals Group Q3 profit climbs 40.9% YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Petronas Chemicals Group Q3 profit climbs 40.9% YOY

Petronas Chemicals Group Bhd. said its third-quarter normalized net income came to 9 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 9 sen per share.

EPS climbed 40.9% year over year from 6 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 691.6 million ringgits, an increase of 40.9% from 490.9 million ringgits in the year-earlier period.

The normalized profit margin increased to 19.0% from 13.8% in the year-earlier period.

Total revenue rose on an annual basis to 3.64 billion ringgits from 3.55 billion ringgits, and total operating expenses declined 9.5% from the prior-year period to 2.44 billion ringgits from 2.70 billion ringgits.

Reported net income rose 38.6% from the prior-year period to 916.0 million ringgits, or 11 sen per share, from 661.0 million ringgits, or 8 sen per share.

As of Nov. 3, US$1 was equivalent to 4.27 ringgits.