LOTTE Chemical Titan Holding Bhd achieved a pre-tax profit of RM146.986 million for the quarter ended December 31, 2021from a pre-tax profit of RM202.188 million for the same quarter previously.
In a Bursa filing, it said that for the whole year, it achieved a pre-tax profit of 1,350,786million on the back of a turnover of RM9,380, 885 million from a pre-tax profit of Rm203,993 million on the back of a turnover of RM6,901, 349 million.
In a statement by the company, it said that it declared 21 sen dividend per share (“DPS”), which translates to a total dividend pay-out of RM 478.3 million for the financial year ended 2021 payable on 13 April 2022.
“The Company said its total payout for FY21 — including the previous special dividend of 18 sen paid in November 2021— will amount to 39 sen or RM 888.2 million, compared with the 3.27 sen it paid for FY20. This translates to a dividend yield of 18.6% based on the announcement date” it said.
Its President & CEO, Mr. Park Hyun Chul said, “We will continue to reward our shareholders with dividend payment in-line with our performance for the period. We will focus on our growth and expansion in Indonesia through the LINE Project and bring value to our investors.”
