Lotte Chemical Q1 net profit down on lower margin

Market outlook: Lotte Chemical plant in Johor. The group expects the petrochemicals market to remain resilient in the near term, with demand growth for petrochemicals to outpace the rate of new supply additions in the region.

But group expects performance for FY18 to remain positive

PETALING JAYA: Lotte Chemical Titan Holding Bhd’s bottom line is down by nearly 29% year-on-year (y-o-y) in its first quarter ended March 31, mainly on the back of a lower profit margin and foreign exchange (forex) losses.