首页 社会内容详情
Telegram游戏群:Higher product prices lift PetChem in 2Q

Telegram游戏群:Higher product prices lift PetChem in 2Q

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

Telegram游戏群www.tel8.vip)是一个Telegram群组分享平台。Telegram游戏群包括Telegram群成员导出、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram游戏群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

PETALING JAYA: The increase in product prices following the start of the Russia-Ukraine war in March helped to cushion the impact of lower production and sales volume for Petronas Chemicals Group Bhd (PetChem) in the second quarter of 2022 (2Q22), says managing director and CEO Mohd Yusri Mohamed Yusof.

The petrochemicals group reported a net profit of RM1.87bil in the second quarter ended June 30, 2022, which was little changed from the previous corresponding quarter.

Earnings per share was unchanged from a year earlier at 23 sen.

Revenue in the quarter under review rose to RM6.58bil from RM5.61bil in the comparative quarter due to the higher product prices, driven mainly by higher crude oil and natural gas prices following the Russia-Ukraine crisis.

In line with the performance, the board of directors declared an interim dividend of 25 sen a share amounting to RM2bil, the group’s highest dividend payout to date.

In a statement, Mohd Yusri said the group undertook scheduled plant turnaround activities in its fertiliser plant in Sipitang, Sabah, and methanol plant in Labuan.

Following the completion of the plant turnarounds in the first half of this year (1H22), he expects plant utilisation rates to be above 90% in 2H22.

On the group’s outlook, he noted that rising feedstock and operational costs coupled with the China lockdowns have weakened demand for product prices, particularly for downstream chemicals products.

,

哈希竞彩游戏源码www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希竞彩游戏源码开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

,

“The prices of olefins and derivatives are expected to stabilise with demand recovery following the easing of restrictions in China, ahead of year-end re-stocking activities.

“Urea prices have seen some correction but are likely to remain high compared to historical price levels,” he said.

Mohd Yusri also said commissioning activities at the Pengerang Integrated Complex have progressed since May and the start-up of the petrochemical facilities have commenced in phases since July.

On other growth projects, the construction of the nitrile butadiene latex plant in Pengerang and the speciality ethoxylates and polyols in Kerteh are also progressing ahead of the scheduled operation date in 2H23.

He added the proposed acquisition of Perstorp Holdings AB is expected to be completed in early 4Q22.

“As a growth platform in our specialty chemicals portfolio, Perstorp will enhance PetChem’s long-term performance and value.

“We believe the acquisition will future proof our business against market cyclicality and volatility as well as to progress in a transformational shift towards a net-zero carbon emission future,” he said.

Last week, Macquarie reinstated its coverage on the group, with an “outperform” recommendation.

The global bank’s research unit had cited PetChem’s upcoming earnings announcement as one of the stock’s catalysts.

 当前暂无评论,快来抢沙发吧~

发布评论