19 October 2012 08:44 [Source: ICIS news]
Compared with the second quarter, however, net profit rose by 22.8%, although sales were still lower, falling 2.7%, according to a slide presentation of the company’s third-quarter results.
Sales for the three months to September 2012 totalled W5,834bn, with operating profit declining 17% year on year to W601bn, LG Chem said.
Petrochemical sales for the September quarter declined 4.5% year on year to W4,366bn, with operating profit falling 26% to W438bn, it said.
On a quarter-on-quarter basis, earnings from petrochemicals rose 27 % thanks to stable supply raw materials and cost-saving of products despite a slowdown of global economy, LG Chem said.
($1 = W1,105)
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