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Lotte Chemical Titan Shares Fall After Posting Fourth-Quarter Loss

Por: MarketWatch Business January 30, 2024

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Lotte Chemical Titan posted a net loss of MYR186.5 million ($39.4 million) for the fourth quarter, compared with net loss of MYR333.6 million a year earlier, according to a late Monday filing. The company said the narrower loss was due to lower feedstock costs and foreign-exchange gains. Quarterly revenue fell 10% to MYR1.86 billion on lower sales volumes amid a global economic slowdown. This year will likely remain a tough one for Lotte... + full article



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