Lotte Chemical Titan Holding Berhad announced unaudited consolidated earnings results for the first quarter ended March 31 2018. For the quarter, the company announced revenue of MYR 2,214,259,000 compared to MYR 1,914,525,000 for the same period a year ago. Profit from operations was MYR 259,611,000 compared to MYR 389,466,000 for the same period a year ago. Profit before tax was MYR 299,827,000 compared to MYR 386,367,000 for the same period a year ago. Net profit for the period attributable to owner of the company was MYR 244,197,000 compared to MYR 342,154,000 for the same period a year ago. Basic and diluted earnings per ordinary share were 10.74 sen compared to 19.80 sen for the same period a year ago. EBITDA was MYR 379,199,000 compared to MYR 490,714,000 for the same period a year ago. Net cash generated from operating activities was MYR 223,029,000 against MYR 731,331,000 a year ago. Acquisition of property, plant and equipment was MYR 118,405,000 against MYR 481,047,000 a year ago.

Barring any unforeseen circumstances, the board expects performance for the financial year ending Dec. 31, 2018, to remain positive.