Lotte Chemical Titan posts second-quarter net profit of RM105mil

PETALING JAYA: Lotte Chemical Titan Holding Bhd has posted a net profit of RM104.85mil in the second quarter ended June 30, 2019, which was a sequential improvement from the first quarter due to better overall performance.

In a filing with Bursa Malaysia, the petrochemicals giant said its net profit rose by 88.7% from RM55.83mil in the first quarter ended March 31, 2019, also supported by higher foreign exchange (forex) gains and other non-operating income recorded for the quarter.