World News and Views :: Top of the News
LG Chem Posts a Decline in Profits
8:02 AM MST | January 31, 2012 | Ian Young
LG Chem reported a 13% decline in net profits for the fourth quarter of 2011, compared with the same period of 2010, to won381.8 billion ($340 million) on sales up 12%, to won5.6 trillion. Operating profits also dropped 10%, to won506.7 billion. LG Chem included the figures in a regulatory filing today. Further details of the fourth-quarter results were not disclosed. LG Chem says it expects earnings to improve in the first quarter of 2012 with higher prices for petrochemicals and improved supply-demand conditions, due partly to planned maintenance turnarounds at...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee