LC Titan posts 60% jump in 3Q operating profit on better margin spread

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd's operating profit jumped 60% year-on-year (y-o-y) to RM138.2mil in the third quarter ended Sept 30, 2020, due to a better polymer products spread on improved demand.

It said in a statement that the improved product spread offset the lower sales revenue of RM1.94bil, which was 11.82% lower from the comparative quarter last year.