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

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The story "Lotte Chemical Titan reports wider net loss of RM246mil in 3Q" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

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

Quick Summary:

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.