KUALA LUMPUR: Hengyuan Refining
Co Bhd returned to the black in the third quarter ended Sept 30, 2025 (3Q25), posting a net profit of RM21.04mil compared with a net loss of RM165.10mil in the same period last year, marking its strongest quarterly performance since FY22.
Hengyuan said the stronger results were driven by enhanced plant efficiency and improved production yields stemming from its focus on operational excellence.
It added that higher crack spreads, which have risen both year-on-year and year-to-date compared to 2024, also contributed to better gross margins.
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