Malaysia’s Petronas Chemicals Q1 net profit 737mn ringgit

By Business Recorder

KUALA LUMPUR: Malaysia’s Petronas Chemicals: Net profit 737 million ringgit ($247 million) for the quarter ended June 30, 2011.

The Company had on March 2 2011, announced the change of financial year end from March 31 to Dec. 31 beginning from April 2011. As a result, there is no equivalent comparative quarter.

Results driven by strong prices seen across most petrochemical products and partially offset by a stronger Malaysian ringgit against the US Dollar.