Petronas Chemicals Group Bhd posted a strong set of financial results for the third quarter ended Sept 30, 2015, boosted by higher sales volumes, favourable exchange rate movement and lower feedstock costs particularly for naphtha, propane and butane.
It said on Tuesday its earnings rose 38.5% to RM916mil from RM661mil. Earnings per share were 11 sen compared with eight sen a year ago.
“Revenue was higher by 2.6% to RM3.642bil from RM3.549bil as the higher sales volumes and favourable exchange rate movement offset the impact of lower average product prices,” it said.
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It said on Tuesday its earnings rose 38.5% to RM916mil from RM661mil. Earnings per share were 11 sen compared with eight sen a year ago.
“Revenue was higher by 2.6% to RM3.642bil from RM3.549bil as the higher sales volumes and favourable exchange rate movement offset the impact of lower average product prices,” it said.
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