PCG Demonstrates Resilience On Strength Of Diversified Portfolio
KUALA LUMPUR, May 20 (Bernama) -- PETRONAS Chemicals Group Berhad (PCG or the Group), today announced its financial results for the first quarter (1Q 2025) in the financial year ending 31 December 2025, against the backdrop of an increasingly challenging chemicals market.
The Group sustained its operational performance with plant utilisation rate of 94% in 1Q 2025, comparable against 4Q 2024. Revenue grew 3% quarter-on-quarter to RM7.7 billion driven by higher average prices of urea, methanol, and polyethylene as well as improved sales performance in the specialties segment. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 26% to RM892 million, supported by better spreads for urea, methanol, methyl tert-butyl ether (MTBE) and olefin derivatives, coupled with reduced operational costs. However, Profit After Tax (PAT) declined to RM18 million from RM539 million in the previous quarter, largely due to unfavourable foreign exchange movement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
an hour ago
- Malaysian Reserve
Nanta: S.Korea expressed readiness to expand development cooperation with M'sia
KUALA LUMPUR — South Korea has expressed readiness to expand bilateral cooperation with Malaysia, particularly in road development, construction technology and intelligent transport systems, said Works Minister Datuk Seri Alexander Nanta Linggi. He said it was conveyed to him during his courtesy call on South Korea's Minister of Land, Infrastructure and Transport Park Sang Woo, in conjunction with Malaysia's participation in the 2025 Asia Pacific Intelligent Transport Systems (ITS) Forum held in the country. He said the meeting, which was a follow-up discussion from the bilateral talks held in Kuala Lumpur last November, also touched on the progress of negotiations for a memorandum of understanding (MoU) in the relevant fields, adding that the initial discussion for the MoU took place in the capital on April 16. 'Both parties hope that the MoU can be finalised and signed in conjunction with the ASEAN-Republic of Korea Summit, set for October in Kuala Lumpur. 'I believe that this strategic cooperation will pave the way for greater opportunities in technology transfer, capacity building and the development of more efficient, safer and sustainable infrastructure in Malaysia,' he said in a Facebook post today. Nanta noted that the effort aligns with the direction of the Malaysian ITS Roadmap 2030, which focuses on innovative, inclusive and resilient future mobility. Nanta also shared the success of the Road and Construction Technology Cooperation Seminar, which drew over 130 participants, including Malaysian and South Korean government agencies and industry players, describing it as reflecting a shared commitment to innovation and the development of competitive and future-ready infrastructure. 'I would like to express appreciation to South Korea's Ambassador to Malaysia, Yeo Seung-Bae, and the entire staff of the South Korean Embassy in Malaysia for their strong support in advancing various collaborative initiatives currently underway. 'Malaysia deeply values its close ties with South Korea and will remain steadfast in pursuing collaborations that bring mutual benefits to the people and nations of both sides,' he added. — BERNAMA
Barnama
an hour ago
- Barnama
Kinaxis Brings AI-powered Supply Chain Breakthroughs To Tokyo At Kinexions 25
TOKYO, May 29 (Bernama) -- Kinaxis® (TSX: KXS), a global leader in end-to-end supply chain orchestration, today announced it will host Kinexions Japan 25 on Tuesday, June 3, 2025, in Tokyo. This year's event will spotlight new product capabilities and customer strategies designed for complex, fast-changing supply chain environments. Part of the global Kinexions event series, Kinexions Japan brings together supply chain leaders, business decision-makers, and industry experts to reveal how organizations are accelerating decision-making, improving collaboration, and scaling operations with greater resilience. With pressure mounting from disruption, sustainability demands, and economic uncertainty, this year's event delivers practical insights, customer success stories, and strategies that are helping organizations take action today. Attendees will get an early look at Maestro™ features, including faster scenario modeling, integrated planning, and real-time coordination across global operations.
Sinar Daily
an hour ago
- Sinar Daily
Malaysia implements AI technology in road management
Malaysia is not only an observer of such technology but is currently among the countries implementing AI technology in road management. 28 May 2025 08:31pm Photo for illustration purposes only. - BERNAMA FILE PIX KUALA LUMPUR - Malaysia continues to move forward in enhancing its road management by leveraging artificial intelligence (AI) technology, thus increasing the efficiency, safety and effectiveness of road and infrastructure management. Works Minister Datuk Seri Alexander Nanta Linggi said Malaysia is not only an observer of such technology but is currently among the countries implementing AI technology in road management. "Through smart monitoring technologies like drones, sensors and the Internet of Things (IoT), we can detect road damage in real time. AI helps us analyse this data to identify locations that need immediate attention and to predict potential future damage He said this when making a presentation on 'Malaysia's Future-Ready, Hyper-Connected Cities: Policies, Progress and the Path Ahead' at the 2025 Intelligent Transport Systems (ITS) Asia Pacific Forum in Suwon, South Korea today. Nanta also shared the strategic direction of the Ministry of Works through the Malaysian ITS Roadmap 2030, which is driven by the vision to build safer, more connected and sustainable national mobility. Works Minister Datuk Seri Alexander Nanta Linggi - BERNAMA FILE PIX "The ITS is currently a basic requirement in the construction of future cities that are resilient, efficient and sustainable. The Malaysian ITS Roadmap 2030 being developed will be our main guide in transforming the country's ITS landscape,' he said. He added that five core policy pillars would be the backbone of the implementation of the plan, namely hyperconnected transportation through seamless smart mobility, a pathway towards green and sustainable mobility, strengthened public services through the digitalisation of transportation, a safe and secure transport ecosystem and the use of data for mobility and transportation planning. "All these plans can be translated into action. Malaysia will continue to innovate, invest and collaborate to build a country that is hyperconnected,' he said. Nanta said many exciting revolutions are happening in the ITS landscape in Malaysia, including advancements in autonomous vehicles (AV), the use of electric vehicles in public transport, the introduction of the Multi-Lane Free Flow (MLFF) system and the establishment of the National Intelligent Traffic Management Centre (NITMC). "These transformation initiatives illustrate Malaysia's strong commitment to building a safer, more efficient and sustainable transport ecosystem, in line with our broader vision towards hyperconnected cities,' he said. - BERNAMA More Like This
