Lotte Chemical Titan posts wider RM174.2mil Q2 net loss on Indonesia project costs

thestar.com.my

Lotte Chemical Titan's Q2 2026 net loss edged up to RM174.19 million from RM173.09 million, hurt by inventory write-downs and Iran war-related weak demand. Revenue more than doubled to RM3.1 billion from RM1.4 billion, boosted by the Indonesia LINE project, which began commercial operations in October 2025, and higher average selling prices; better product margins partially offset the loss. Project expenses from LINE also hurt earnings. The company remains committed to Malaysia, Indonesia and Southeast Asia, focusing on business continuity and preparing for recovery when market conditions improve.


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Lotte Chemical Titan posts wider RM174.2mil Q2 net loss on Indonesia project costs | News Minimalist