KUALA LUMPUR: The country's largest petrochemical producer, Titan Chemicals Corp Bhd, reported a 154% jump in net profit to RM123.7mil in the third quarter ended Sept 30 from RM48.7mil in the corresponding period last year. Sales rose 25% to RM1.5bil from RM1.2bil previously.
Managing director Thomas P. Grehl attributed the improved results to near-record high polymer prices and lower feedstock costs, which resulted in better margins.
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