澳洲幸运5(www.a55555.net):Lotte Chemical Titan incurs net loss of RM145.92mil in 2Q

澳洲幸运5www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

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.

,

皇冠正网代理开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠正网代理开户的平台。皇冠正网代理开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠正网代理开户、皇冠正网会员开户业务。

,

"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。

  • 评论列表:
  •  USDT不用实名(www.usdt8.vip)
     发布于 2022-11-26 00:12:05  回复
  • 作为中国足球各级职业联赛的现实管理者,中国足协在近两年举行大刀阔斧地改造,从半年前力推U19国青踢中乙,到前不久强推中性名和限薪令。种种迹象显示,足协欲在短期内通过下猛药的方式强行将中国足球带入自己的运行轨道。我感觉能拿奖

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。