in this issue
World News and Views :: Top of the News
Petronas Chemicals reports rise in quarterly profits
9:18 AM MDT | May 28, 2013 | Deepti Ramesh
Petronas Chemicals (Kuala Lumpur) reports a 10.2% rise in profits for the first quarter, ended 31 March, compared with the year-ago quarter, to 1.23 billion ringgit ($406 million), mainly due to improved product margins. First-quarter sales increased 1.5%, to ringgit4.45 billion, because of higher selling prices of products, the company says. The first quarter saw more favorable conditions in the market for the petrochemical industry with firmer product prices; product margins also improved since feedstock prices did not rise in tandem with product prices, the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee