Lotte forecast to face widening losses in 2Q24

PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCT) is expected to face widening core losses in its second quarter ending June 30, 2024 (2Q24), mainly due to lower sales volume and weak product spreads.

TA Research in a report said LCT’s near-term earnings outlook remained challenging due to a supply glut.

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