Lotte Chemical Titan’s 1Q net loss narrows to RM178mil

KUALA LUMPUR: Lotte Chemical Titan Holding Berhad (LCT) remains cautious due to uncertainties arising from oil price volatility, petrochemical glut, economic slowdown from inflation, and rising geopolitical tensions.

“Despite the challenges, LCT is determined to advance its operational performance and further solidify LCT’s market position. With an utilisation rate of 65%, in line with previous guidance, we will focus on optimising production outputs, implementing efficient cost and cash flow management practices, and positioning the group for long-term sustainability,” president and CEO Park Hyun Chul said in a statement.