-- Lotte Chemical Titan (KLSE:LCTITAN) posted a wider first-quarter loss despite a 70% jump in revenue, according to a Thursday Malaysian bourse filing.
Shares slid over 1% in Friday's midday trade.
The loss widened as higher depreciation and financing costs from its Indonesia ethylene project weighed on earnings.
Loss before tax rose to 230 million ringgit from 135 million ringgit a year earlier, even as revenue climbed to 2.53 billion ringgit from 1.49 billion ringgit.
The higher revenue was driven by higher sales volumes from the Indonesia New Ethylene project that began commercial operations in October 2025.
The group reported EBITDA of 150 million ringgit, compared with a negative EBITDA of 38 million ringgit a year earlier, while plant utilization improved to 61% from 46%.
Lotte Chemical Titan said ongoing geopolitical tensions in the Middle East, particularly the Iran war, continue to create uncertainty in the global petrochemical market.