PETRONAS Chemicals Group Berhad Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 21, 2024

PETRONAS Chemicals Group Berhad (KLSE:PCHEM) Third Quarter 2024 Results

Key Financial Results

Revenue: RM7.99b (up 18% from 3Q 2023).
Net loss: RM789.0m (down by 286% from RM424.0m profit in 3Q 2023).
RM0.099 loss per share (down from RM0.053 profit in 3Q 2023).

earnings-and-revenue-growth — KLSE:PCHEM Earnings and Revenue Growth November 21st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

PETRONAS Chemicals Group Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Malaysia.

Performance of the Malaysian Chemicals industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for PETRONAS Chemicals Group Berhad you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.