LCT pointed out two of its key products, namely the low-density polyethylene (LDPE) and polypropylene (PP), are currently fetching significantly higher ASP of around US$1,550, as at end February 2021.
KUALA LUMPUR: Lotte Chemical Titan (LCT) Holding Bhd declared a dividend of 3.27 sen per share for financial year ended Dec 31,2020 (FY20) and remained upbeat for this year as product prices are on an upward trend.
It said on Thursday the dividend will amount to a total payout of about RM74.3mi or a 50% payout ratio on its profit after tax and minority interests for FY2020. It did not declare a dividend then when it announced the results on Jan 27.
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