PETALING JAYA: Lotte Chemical Titan Holding Bhd
remained in the red in the second quarter ended June 30, 2026, reporting a net loss of RM174.19mil compared with a net loss of RM173.09mil a year earlier.
In a filing to Bursa Malaysia, the olefin producer said the loss was due to inventory write-downs to net realisable value and the Iran war that weighed on demand.
Expenses from the Lotte Chemical Indonesia New Ethylene (LINE) project also impacted earnings.
This was partially offset by better product margins – supported by higher prices from Lotte Chemical USA Corp.
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