is seeing softening demand, especially for polymer products, amid the high cost of energy continued amid the extended Covid-19 lockdowns in China.
However, he said urea prices are expected to remain high between US$550 a tonne to US$700 a tonne as energy prices remain elevated due to the ongoing Russia-Ukraine war. "While the stronger US Dollar boosted our revenue, we faced margin pressure as a result of higher operating costs," said Mohd Yusri.For the quarter, revenue came to RM7.03bil, which was 21.96% higher than in the same quarter in 2021, owing to higher product prices amid the stronger US dollar and higher sales volume.
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