IHS Chemical Week

People & Business :: Earnings/Finance

OCI swings to loss

8:40 AM MST | February 6, 2013 | Deepti Ramesh

OCI (Seoul), formerly DC Chemical, recorded a net loss of 3.9 billion South Korean won ($3.5 million) in the fourth quarter ended 31 December 2012, compared with a net profit of won65.2 billion in the year-ago period. Sales decreased 19.8%, to won703.6 billion. The company recorded an operating loss of won62.2 billion compared with an operating profit of won87.3 billion in the year-ago period. The company’s polysilicon business recorded fourth-quarter sales of won153.8 billion and an operating loss of won98.2 billion, compared with sales of won297.5 billion...

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