Tuesday, March 03, 2009

Malaysia's Titan Chemicals post RM474 mln net loss

Titan Chemicals, Malaysia's largest integrated producer of olefins and polyolefins, posted RM1.3 bln sales revenues for Q4 - 2008, from RM2.0 bln in the previous quarter of the year. The company reporrted a net loss of RM474 mln the quarter reflecting dismal quarter for manufacturers of polymers and closely related products in the chain.

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