Business
PETRONAS CHEMICALS STAGES SHOCK PROFIT TURNAROUND — BUT THE REAL TEST MAY JUST BE BEGINNING
KUALA LUMPUR, Aug. 19, 2026 — PETRONAS Chemicals Group Berhad (PCG) has delivered a dramatic earnings turnaround, swinging back into profit in the second quarter of 2026 even as the Malaysian petrochemical giant warns that difficult market conditions could continue weighing on its business for the rest of the year. PCG reported RM414 million in net profit for the quarter ended June 2026, reversing a RM1.08 billion net loss recorded during the same period last year. Revenue also climbed sharply
