Lotte Chemical Titan returns to black in Q1 2021 with RM440

Lotte Chemical Titan returns to black in Q1 2021 with RM440 mln net profit


Lotte Chemical Titan returns to black in Q1 2021 with RM440 mln net profit
28 Apr 2021 / 15:03 H.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCTH) has posted a net profit of RM440 million for the first quarter ended March 31, 2021 (Q1 2021) from a net loss of RM170.06 million in Q1 2020.
Its revenue increased by 62 per cent year-on-year to RM2.37 billion versus RM1.46 billion previously due to the increase in average product selling price and sales volume -- in tandem with the global economic recovery following the commencement of global COVID-19 vaccinations.
“Plant outages in the United States and Southeast Asia (SEA), coupled with the turnaround activities in the Middle East have affected the global supply chain.

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