Lotte Chemical Titan records net loss of RM780.28mil in FY23

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd’s net loss widened to RM780.28 million in the financial year ended Dec 31, 2023 (FY2023) from RM731.06 million in FY2022, mainly due to lower tax credit recorded.

In a filing with Bursa Malaysia today, Lotte said its revenue decreased by 23.7 per cent to RM7.65 billion versus RM10.02 billion, due to lower average product selling price and sales volume amid weaker demand for manufactured goods.