LCT’s year-to-date operating performance improved to 87% from 76% a year ago last year, as the company undertook a major statutory plant turnaround for 10 of its total twelve Malaysian plants in early 2020.
KUALA LUMPUR: Lotte Chemical Titan Holdings Bhd’s (LCT) net profit jumped 330% to RM382.29mil in the second quarter ended June 30, 2021 from RM88.72mil a year ago boosted by higher product margin spreads.
In a filing with Bursa Malaysia on Wednesday, it said revenue increased by 61.2% to RM2.54bil from RM1.57bil. Earnings per share were 16.81 sen compared with 3.9 sen a year ago.
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