KUALA LUMPUR (Nov 24): Lotte Chemical Titan Holding Bhd (LCT) has declared a special single-tier dividend of 13.98 sen per share for the financial year ending Dec 31, 2022 (FY2022) out of the retained earnings intended to reward its shareholders. The special dividend, LCT said, notwithstanding the group's dividend policy is to pay approximately 50% of its consolidated financial year profit after tax and minority interests after taking into account working capital and maintenance capital expenditure requirements. Its net loss was at RM145.92 million in the immediate preceding quarter on a revenue of RM2.82 billion. Quarterly revenue, however, grew 6.12% to RM2.37 billion, from RM2.24 billion a year ago, mainly due to an increase in average product selling prices. Read also:Lotte Chemical Titan drops 10% after posting second straight quarterly lossLotte Chemical Titan posts second straight quarterly loss of RM355 mil at 3QFY22
