新2足球网址www.99cx.vip)实时更新发布最新最快最有效的新2足球网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) has posted a net loss of RM145.92 million for the second quarter ended June 30, 2022, as compared to a net profit of RM382.29 million recorded in the same period last year.

Revenue, however, rose to RM2.82 billion from RM2.54 billion previously, the group said in a filing with Bursa Malaysia today.

It said the net loss recorded was mainly due to margin squeeze resulting from a 64 per cent increase in feedstock cost, write down of inventories to a net realisable value of RM96.5 million and decline in results of its associated company, Lotte Chemical USA Corp.

Its president and chief executive officer Park Hyun Chul said the challenging business landscape and pandemic-triggered uncertainties have impacted LCT’s financial performance.

"With this, LCT rigorously executes the operational and business optimisation aligned to customers’ demands, resulting in a lower overall plant utilisation rate of 81 per cent.

,

最新博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。最新博彩网址上线上最新博彩网址会员登录线路、最新博彩网址代理网址更新最快。最新博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

"Our operations are swiftly adaptable to the market movements to ensure the group stays on course to become the top-tier petrochemical company in Southeast Asia,” he said.

In view of the International Monetary Fund’s forecast of 5.1 per cent economic growth for Southeast Asian countries in 2022 and the international borders reopening, he said the demand for petrochemical products is expected to remain resilient.

"LCT has established a robust business framework with a healthy balance sheet and cash position. As at June 30, 2022, LCT has zero borrowings and cash and bank balances and other investments of RM3.2 billion.

"After deducting the fund to be earmarked for LOTTE Chemical Indonesia New Ethylene Project, LCT’s cash balances stand at around RM900 million,” he said.

Despite the market volatility, Park said LCT’s business fundamentals remain strong and the group will continue to exercise effective financial and operational management to ride through the challenging economic situation.

LCT is a major manufacturer of polyolefins, namely polyethylene and polypropylene. These are the raw materials for its customers in plastic fabrication businesses to further produce a wide variety of applications from household goods to automotive parts, commercial packaging, bottles and food containers. - Bernama


转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己,与本平台无关。转载请注明:最新博彩网址(www.99cx.vip):Lotte Chemical Titan incurs net loss of RM145.92mil in 2Q
发布评论

分享到:

UEM Sunrise returns to the black with RM20.7mil in net profit for Q2
1 条回复
  1. USDT钱包(www.usdt8.vip)
    USDT钱包(www.usdt8.vip)
    (2022-08-31 23:48:53) 1#

    USDT交易所程序出租点击联系我),全球頂尖的USDT場外擔保交易平臺程序出租。
    啊,我又又又来啦

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。