KUALA LUMPUR: Lotte Chemical Titan Holding Bhd posted its highest-ever quarterly net profit of RM440mil for the first quarter ended March 31, 2021.
The performance was significantly improved from a net loss of RM170.1mil in 1Q2020, owing to substantially stronger product margin spreads seen from a year ago, it said in a statement.
Ebitda jumped twelve-fold to RM647mil from an Ebitda loss of RM56mil in the previous comparative quarter.
For the quarter under review, revenue was RM2.37bil, a 62% jump over the same quarter last year, underpinned by higher production and sales performance.
According to the group, the record profitability was mainly owing to much higher product average selling prices (ASP) with lower naphtha feedstock costs in line with global Brent crude oil prices.
(Photo : tvN s Official Instagram)
After the special broadcast on April 7, the second half of tvN s mystery-thriller series Mouse has finally begun.
Lee Seung Gi s character was torned between surrendering himself to the police or continue doing his guilty pleasures of listening to the evil voices that keep on telling him to commit murder.
Jung Ba Reum Commits Another Murder
Episode 11 gave the viewers another complicated yet vivid situation of police officer Jung Ba Reum (Lee Seung Gi). His brain betrayed him again and was able to commit another murder.
At first he was confused if he really did kill Attorney Woo Hyung Chul (Song Jae Hee) or it was just his hallucination. And an evil voice kept on echoing on his mind saying,
KUALA LUMPUR (March 4): Lotte Chemical Titan Holding Bhd (LCT) sees a brighter outlook for the company, thanks to a continued uptrend in average selling prices (ASPs) of polymer products.
“What we are seeing now is a very healthy price trend for polymer products, and we expect the strong product ASP outlook to continue into the first half of 2021 (1H21),” said its president and chief executive officer (CEO) Park Hyun Chul in a filing with Bursa Malaysia.
The strong prices of polymers products are expected to either hold or increase, mainly buoyed by brightening economic recovery prospects with global vaccination roll-outs, complemented by a sudden polymer supply shortage in the Southeast Asian (SEA) region caused by ongoing shipping container issues which curtailed imported polymer supplies from other regions, he said.