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

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).

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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