PETALING JAYA: Lotte Chemical Titan Holding Bhd’s (LCT) net profit jumped 330% to RM382.29mil in the second quarter ended June 30, 2021 (Q2) from RM88.72mil a year ago boosted by higher product margin spreads.
In a filing with Bursa Malaysia yesterday, it said revenue increased 61.2% to RM2.54bil from RM1.57bil. Earnings per share was at 16.81 sen compared with 3.9 sen a year ago.
“The notable improvement is mainly attributable to the substantially higher product margin spreads seen from a year ago. The strong quarterly performance is achieved amidst the volatile global business environment due to the ongoing Covid-19 pandemic and various movement restriction measures,” it said.
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