Lotte Chemical expects tough times to remain

“A protracted Russia-Ukraine crisis has caused high volatility in crude oil prices, leading to volatile naphtha costs for our operations,” it said in a filing with Bursa Malaysia. (File pic shows the Lotte Chemical Plant in Johor.)

PETALING JAYA: Lotte Chemical Titan Holding Bhd, which posted a net loss of RM145.92mil for the second quarter ended June 30, 2022, expects the business environment to remain challenging in the near future.

“A protracted Russia-Ukraine crisis has caused high volatility in crude oil prices, leading to volatile naphtha costs for our operations,” it said in a filing with Bursa Malaysia.