LG Chem reports fall in profits

LG Chem (Seoul) has reported a 10% fall in net profits for the third quarter of 2012 compared with the year-ago period, to won459 billion ($416 million). Sales decreased 0.9%, to won5.8 trillion. Operating profits decreased 17%, compared with the year-ago period, to won601 billion. The petrochemical business of LG Chem reported a 4.5% fall in third-quarter sales, compared with the year-ago period, to won4.3 trillion. Operating profits in the petrochemicals business decreased 26% in the third quarter compared with the year-ago quarter, to won438 billion. Compared...

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