Petronas Chemicals profits plunge on lower product prices, weakening currency

Petronas Chemicals profits plunge on lower product prices, weakening currency
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15.11.2019

MOSCOW (MRC) -- Petronas Chemicals Group (Kuala Lumpur, Malaysia)В has reported a massive drop in third-quarter profits and significantly lower sales, reported Chemweek.Net profit declined to 558 million Malaysian ringgit (USD134.37 million) from RM1.332 billion in the year-earlier quarter. EBITDA decreased by 44% to RM915 million largely due to compressed margins, and sales were down 24.

Full article at mrcplast.com

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