Lotte Chemical Titan likely to widen FY23 net losses

PETALING JAYA: Lotte Chemical Titan Holding Bhd’s (LCT) core net losses for the financial year 2023 (FY23) is expected to widen by 16% due to lower average petrochemical selling price assumptions, says CGS-CIMB Research.

The group’s recent 4Q22 core net loss of RM317mil was a record quarterly loss for LCT, pipping 3Q22’s loss of RM290mil.