Lotte Chemical Titan posts FY19 net profit of RM439.7m, cautious on outlook


Lotte Chemical Titan Holdings Bhd, which posted lower net profit for the financial year ended Dec 31,2019, cautioned that the petrochemicals business would be challenging. It said on Thursday the challenges were due to persisting global market uncertainties arising from geopolitical tensions in the Middle East as well as softening of global economic outlook.

KUALA LMPUR: Lotte Chemical Titan Holdings Bhd, which posted lower net profit for the financial year ended Dec 31,2019, cautioned that the petrochemicals business would be challenging.

It said on Thursday the challenges were due to persisting global market uncertainties arising from geopolitical tensions in the Middle East as well as softening of global economic outlook.

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