Lotte Chemical Titan Holding Berhad (LCT) has reported net loss of RM134.8 million (~$31.5 million) for first quarter of fiscal 25 (Q1 FY2025), compared to RM189 million in the same quarter last year.
Although revenue declined 22 per cent year on year (YoY) to RM1.5 billion (~$351 million) primarily due to reduced sales volume the Group showed operational resilience, LCT said in a release.
The Group also posted a 38.3 per cent YoY reduction in LBITDA, down to RM37.7 million (~$8.8 million).
President & CEO Jang Seon Pyo acknowledged the tough global landscape, shaped by geopolitical tensions and continued oversupply of petrochemical products, particularly in China. However, LCT remains focused on delivering its strategic initiatives chief among them being the LINE (Lotte Chemical Indonesia New Ethylene) Project, set for completion in 2025.
LCT is one of Southeast Asia’s largest producers of ethylene, propylene, polyethylene (PE), and polypropylene (PP)—key building blocks in plastics used across consumer goods, automotive parts, healthcare, packaging, and more.
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