Lotte posts 3Q net profit of RM48.8mil, declares 18 sen special dividend

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd’s net profit fell 38% to RM48.8mil in the third quarter ended Sept 30 against RM78.7mil in the same quarter a year ago.

Lotte Chemical said the lower net profit was mainly due to the underprovision of deferred tax expenses which is resulted from tax adjustments arising from tax audits and certain non-tax deductible expenses.