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Petronas Chemicals reports lower sales and earnings citing maintenance work

4:29 AM MST | November 8, 2013 | Natasha Alperowicz

Petronas Chemicals Group (PCG; Kuala Lumpur) has reported lower sales and profits in the third quarter citing lower production and sales as a result of plant maintenance. Net profits and revenues were each 10% lower at 712 million Malaysian ringgit ($224.1 million) MR3.5 billion, respectively. Ebitda was down 17% to MR1.03 billion. PCG during the third quarter undertook maintenance at its main cracker, which also affected the related downstream facilities and led to reduced production and sales volumes.   PCG’s olefins and derivatives segment reported...

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