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Judul : Earnings risks seen for Petronas units despite improved financials — analysts
link : Earnings risks seen for Petronas units despite improved financials — analysts
Earnings risks seen for Petronas units despite improved financials — analysts
KUALA LUMPUR (May 16): Despite the rise in net profit and revenue for the first quarter ended March 31, 2017 (1QFY17), analysts foresee earnings risks for Petroliam Nasional Bhd's (Petronas) subsidiaries, Petronas Chemicals Group Bhd and Petronas Gas Bhd, moving forward.
Petronas Chemicals' 1QFY17 net profit more than doubled to RM1.3 billion from RM592 million a year earlier, whereas revenue improved to RM4.7 billion from RM3.15 billion on higher output, sales volume and product prices.
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