in this issue
People & Business :: Companies
Titan Chemicals Reports Rise in Third-Quarter Profits
12:14 AM MDT | October 28, 2009 | Deepti Ramesh
Titan Chemicals (Kuala Lumpur) has recorded a 1380% rise in third-quarter net profits, to RM146.5 million ($43 million), compared with the year-ago period, on sales down 26%, to RM1.52 billion. The net profits of RM9.9 million recorded in the third quarter of 2008 were mainly due to a RM124.7 million write-down of inventories. The fall in sales in the third quarter compared to the year-ago period was due to a 28% decrease in sales price in tandem with a drop in oil price, which resulted in lower revenues, Titan Chemicals says. Demand for polymer products is...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee