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Lotte Chemical Titan Holding Bhd returned to the black in the second quarter ended June 30,2020 with net profit of RM88.72mil.

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd returned to the black in the second quarter ended June 30,2020 with net profit of RM88.72mil.

It announced on Thursday its net profit was, however, down by 15.3% from RM104.84mil a year ago.

Its revenue declined by 25.9% to RM1.57bil from RM2.12bil a year ago. Earnings per share were 3.90 sen compared with 4.61 sen.

However, it was still in the red for the first half with net losses of RM81.34mil due to the weak 1Q results. Its revenue was down 29.2% to RM3.03bil from RM4.29bil in the previous corresponding period.

https://www.thestar.com.my/business/business-news/2020/07/30/lotte-chemical-titan-posts-rm887m-net-profit-in-2q
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