Panama Petrochem Launches Operations at Lodha Industrial Park from July 6, 2026
Panama Petrochem has commenced new operations at Lodha Industrial Park effective July 6, 2026, following the receipt of a factory operations license for manufacturing petroleum specialty products. The license remains valid until June 29, 2035, providing a long-term regulatory framework for the company's manufacturing activities.
US and Allied Nations Issue Joint Statement Supporting Panama's Sovereignty Amid China Tensions
The United States, Bolivia, Costa Rica, and other countries issued a joint statement supporting Panama's sovereignty while expressing concerns about China's targeted economic pressure. The coalition is closely monitoring recent Chinese actions that have affected Panama-flagged vessels, according to the State Department announcement.
Panama Petrochem Reports Mixed Q1 Results: Revenue Up, Profits Down
Panama Petrochem Limited announced Q1 financial results with a 3.3% increase in consolidated revenue to ₹693.22 crore. However, net profit declined by 15.1% to ₹42.62 crore. EBITDA fell to ₹553.00 crore from ₹658.00 crore, with EBITDA margin contracting to 7.98% from 9.73% year-over-year. The company demonstrated resilience in revenue growth despite challenging market conditions but faced profitability pressures.
26May 25
Panama Petrochem Reports Q4 Results: Revenue and Profit Decline, Dividend Declared
Panama Petrochem's Q4 results show a 6.76% YoY revenue drop to 6.90 billion rupees. EBITDA decreased by 23.94% to 594.00 million rupees, with EBITDA margin contracting from 10.55% to 8.55%. Net profit fell 27.38% to 443.00 million rupees. Despite financial challenges, the company declared a dividend of 3.00 rupees per share.