Titan posts 2007 results, to raise propylene production

27 Feb '08

3 min read

In addition, the research and development team from its Plastic Technical Centre has introduced new products Titanex HF1161 and Titanex MF1461 for the film and geo-membrane markets in response to market demand. To-date, Titan Chemicals like most of the efficiently managed petrochemicals manufacturers has been investing conscientiously in its assets to produce high-quality products.

2007 4th Quarter Performance:
As of the 2007 Q4 business results, the group's revenue climbed by 11 per cent from RM 1.5 billion in 2006 to RM 1.7 Billion. The growth in sales revenue was driven mainly by higher average selling proce and sale volume, improving on the back positive and stronger market fundamentals.

Titan Chemicals' PBT recorded RM 88.4 million while its PAT stood at RM 63 million. Earnings per share stood at 21.33 sen for the financial year ended 31st December 2007.

The Board of Directors has recommended a final tax exempt dividend of 3 sen per share. Together with the interim dividend of 3 sen per share, Titan Chemicals' dividend in 2007 represents a payout ration of 28 per cent. This is in tandem with Titan Chemicals' corporate strategy of rewarding the shareholders as the company continues to implement its business strategy.

Titan Chemicals Corp Bhd

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