Lotte Chemical posts Q3 net profit of RM48.8mil

PETALING JAYA: Lotte Chemical Titan Holding Bhd’s net profit fell 38% to RM48.8mil in the third quarter ended Sept 30 against RM78.7mil in the same quarter a year ago.

The petrochemical producer said the lower net profit was mainly due to the underprovision of deferred tax expenses, which resulted from tax adjustments arising from tax audits and certain non-tax deductible expenses.