PETRONAS Chemicals Group Bhd ( (PECGF) ) has released its Q4 earnings. Here is a breakdown of the information PETRONAS Chemicals Group Bhd presented to its investors.
PETRONAS Chemicals Group Bhd, a subsidiary of Petroliam Nasional Berhad (PETRONAS), operates in the chemicals sector, focusing on the production and sale of petrochemical products. The company is known for its extensive range of chemical products and its strategic position in the Malaysian market.
In its latest financial report for the year ending December 31, 2024, PETRONAS Chemicals Group Bhd reported a profit of RM1,289 million for the group, despite a loss of RM1,120 million at the company level. The company declared dividends amounting to RM1,200 million to its shareholders, reflecting its commitment to returning value to investors.
The group’s revenue for 2024 stood at RM30,671 million, an increase from the previous year. However, the company faced challenges such as increased costs and foreign currency translation losses, which impacted its overall profitability. The company also reported a decrease in total equity, attributed to foreign currency translation differences and dividend payments.
Looking ahead, PETRONAS Chemicals Group Bhd remains focused on maintaining its market position and exploring growth opportunities in the chemicals sector. The management is optimistic about the company’s ability to navigate the challenges and leverage its strengths for future growth.