Lotte Chemical Q3 revenue at RM1.96bil

PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCT) expects the outlook of the petrochemical industry to remain volatile, considering the current external environment.

For its third quarter ended Sept 30, 2023 LCT posted a smaller net loss of RM55.6mil, or loss per share of 2.44 sen compared with RM355.5mil or 15.61 sen in the same quarter a year ago.

Revenue for the quarter was lower at RM1.96bil against RM2.4bil a year ago.

In the first nine months, LCT posted a net loss of RM593.8mil on a revenue of RM5.8bil.