Lotte Chemical Titan posts RM88.7m net profit in 2Q

Lotte Chemical Titan Holding Bhd returned to the black in the second quarter ended June 30,2020 with net profit of RM88.72mil.

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd returned to the black in the second quarter ended June 30,2020 with net profit of RM88.72mil amid the adverse global business environment caused by the fallout from the Covid-19 pandemic

It announced on Thursday this was a turnaround from the net loss of RM170mil in the first quarter ended March 30,2020. Its net profit was, however, down by 15.3% from RM104.84mil a year ago.