“Demand was weak in early second quarter as regional countries continued to impose lockdowns and restrictions in their attempts to curb the Covid-19 pandemic spread, ” Lotte said in a filing with Bursa Malaysia.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd
’s net profit fell 15.3% to RM88.72mil in the second quarter ended June 30,2020 compared with RM104.84mil a year ago on lower average selling prices.
Lotte said its revenue declined by 25.9% to RM1.57bil in the quarter under review from RM2.12bil a year ago as the average selling prices across its product segments from olefins and derivative and polyolefin fell.
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