KUALA LUMPUR: Petronas Chemicals Group Bhd( PetChem) reported a 42.09% leap in net profit in the first quarter ended March 31, 2022, to a quarterly high of RM2. 08bil from RM1. 46bil in the previous corresponding quarter. This was achieved on the back of higher product prices and strong demand. Revenue for the quarter under review was RM6. 63bil, a 41.9% increase over RM4. 68bil in the comparative quarter. The group attributed the solid performance to higher prices across all product segments, e

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March 31, 2022, which is a 14.11% improvement over RM162. 79mil in the previous corresponding quarter

A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.... This happened despite many of the corporates listed standing strong with solid foundations.... Putrajaya’s initiatives announced since the start of the year would also start showing results in the second half of the year assuming smooth implementation of policy....