PETALING JAYA: Lotte Chemical Titan Holding Bhd
saw its operational losses for its first quarter of its financial year 2025 (FY25) reduce year-on-year (y-o-y) by 32% to RM127.95mil.
Net losses narrowed by 29% y-o-y to RM134.82mil although revenue saw further declines by 22% y-o-y to RM1.49bil.
The company said the rise in its bottom line was due to slight improvement of margins, lower depreciation charges and profit contribution from its associate company, Lotte Chemical USA Corp.
“We foresee continued volatility in the global business environment in the near term. Geopolitical factors, including the Russia-Ukraine War, tension in the Middle East, and the impact of President Trump’s policies are expected to influence global trade dynamics and crude oil prices,” president and chief executive officer Jang Seon Pyo said in a statement.
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