IHS Chemical Week

People & Business :: Earnings/Finance

LG Chem reports lower second-quarter profits, flat revenues

12:48 PM MDT | July 18, 2014 | Natasha Alperowicz

LG Chem (Seoul) today reported a 43% drop in second-quarter net profit, to 226.8 billion South Korean won ($220.3 million), citing poor performance in its chemical sales and a strong local currency. Sales were 0.8% higher, at won5.87 trillion, while operating profit was down 28%, to won359.6 billion.   The company says the results reflect weak earnings in the petrochemical and auto battery sectors. "The performance was worse than expected, as we failed to offset the weak global chemical demand despite various efforts," LG Chem president Cho Seok-je...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa