PETRONAS Chemicals Group Berhad (PECGF,5183.KL,PCHEM.KL), a Malaysian producer and seller of chemicals, on Friday reported a sequential narrower net loss for the third quarter. The company has also recorded an increase in revenue on higher sales volumes.
The Group said: "The overall earnings improvement was delivered by stronger operational performance, continued cost discipline and lower foreign exchange impact amidst the challenging chemicals market. The company narrowed its Loss After Tax (LAT), with lower foreign exchange impact on revaluation of shareholders loan to Pengerang Petrochemical Company Sdn. Bhd. (PPCSB) and the absence of exceptional items recorded in 2Q 2025."
For the third quarter, the chemicals company posted a net loss of RM 291 million, compared with a net loss of RM 1.047 billion, recorded for the second quarter.
EBITDA, however, increased to RM 497 million from the previous quarter's RM 395 million, helped by higher product spreads, particularly urea and ammonia, as well as lower unrealized foreign exchange loss from revaluation of payables at PPCSB.
Revenue was RM 6.787 billion, up from RM 6.437 billion in the previous quarter.
Looking ahead, the Group expects the operating environment to remain challenging in the near term, due to oversupply and subdued demand.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.