trending Market Intelligence /marketintelligence/en/news-insights/trending/xprKPhzd33Vf2UEizLAqFg2 content esgSubNav
In This List

Petronas Chemicals Group profit misses consensus by 32.6% in Q2

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 profit misses consensus by 32.6% in Q2

Petronas Chemicals Group Bhd. said its second-quarter normalized net income came to 6 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 8 sen per share.

EPS declined year over year from 6 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 452.1 million ringgits, a decline from 458.8 million ringgits in the year-earlier period.

The normalized profit margin declined to 13.7% from 13.7% in the year-earlier period.

Total revenue declined year over year to 3.31 billion ringgits from 3.34 billion ringgits, and total operating expenses declined 5.1% year over year to 2.46 billion ringgits from 2.59 billion ringgits.

Reported net income came to 557.0 million ringgits, or 7 sen per share, compared with 555.0 million ringgits, or 7 sen per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 3.95 ringgits.