Lotte Chemical 1Q revenue surges 70%
The Star · 05/07 23:00
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PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCT) said ongoing geopolitical tensions in the Middle East, particularly the Iran war, continue to weigh on the global petrochemical industry and create an increasingly volatile and uncertain business environment, according to its president and chief executive officer Jang Seon Pyo.
“We will continue to closely monitor the prevailing geopolitical developments and adapt our operations to meet business objectives and stakeholders’ expectations,” Jang said in a statement.
In the first quarter ended March 31, 2026 (1Q26), LCT’s net loss narrowed marginally to RM122.7mil compared with RM125.7mil.
Revenue for the quarter jumped 70% to RM2.53bil against RM1.49bil in the year-ago quarter.
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