Lotte Chemical Titan reports wider net loss of RM246mil in 3Q

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KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) expects continued uncertainty in the global business environment, with geopolitical factors like the Russia-Ukraine War and rising Middle East tensions driving fluctuations in crude oil prices.

Upon completion, the LINE Project will expand the group’s total production capacity by 65%.

For the nine months ended Sept 30, LCT saw a slight dip of 3% in revenue, decreasing from RM5.8bil to RM5.6bil.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaUkraine

Topics: Lotte Chemical Titan LCT Corporate News /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 18:19:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23445629

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