Lotte Chemical Titan's 2Q net loss narrows to RM248.89mil

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KUALA LUMPUR: Lotte Chemical Titan Holding Bhd narrowed its net loss in the second quarter ended June 30, 2024, to RM248.89mil from a net loss of RM313.47mil in the same year-ago quarter.

The petrochemicals manufacturer reported a revenue of RM1.78bil, down from RM1.86bil in the comparative quarter.

He said the plant shutdown resulted in the sales volume dropping with a lower utilisation rate of 47%.

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Category: EconomyBusiness

Markets: MalaysiaIndonesia

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 17:37:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 324 words

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Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 21870468

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