Megachem Limited provided unaudited interim financial guidance for Half Year Ended 30 June 2023. For the half, the company expects lower net profit after tax for the first half year ended 30 June 2023 compared to the first half year ended 30 June 2022 due to persistent inflationary pressure and economic weakness. In addition, after a surge in demand and prices in 1H 2022, the chemical industry is undergoing a phase of inventory destocking and price correction.