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.
