BRIEF-Petronas Chemicals Group qtrly net profit 987 mln rgt vs 704 mln rgt year ago

Feb 20 (Reuters) – Petronas Chemicals Group Bhd

* qtrly net profit 987.0 million rgt

* qtrly revenue 3.95 billion rgt

* year ago qtrly net profit 704.0 million rgt, qtrly revenue 3.45 billion rgt

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* declared second interim single tier dividend of 12 sen per ordinary share, for the year ended 31 december 2016

* “group anticipates the olefins and derivatives market to be bullish in the near term”

* “fertiliser market is likely to firm on the back of seasonal demand from key US and China markets “

* “methanol price is anticipated to stabilise given robust downstream demand ” Source text (http://bit.ly/2lxS3Vc) Further company coverage: