18 July 2012 10:20 [Source: ICIS news]
Total sales increased by 5.2% year on year to W5, 996bn in the second quarter, while operating profit dropped by 35.1% to W503bn, according to the statement.
Sales at its petrochemicals unit was up by 4.46% year on year to W4, 521bn in the second quarter, while its operating profit fell by 46.4% to W344bn, the company said.
Looking ahead, LG Chem expects an improvement in petrochemical margins because of low feedstock costs and an increase in product prices in the third quarter of this year.
The company also expects a gradual improvement in demand from
($1 = W 1,143)
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