Regions :: North Asia :: Korea
OCI swings to loss; forms carbon black JV in China
4:57 AM MDT | July 25, 2013 | Deepti Ramesh
OCI (Seoul), formerly DC Chemical, reports a net loss of 186.6 billion South Korean won ($167 million) in the second quarter ended 30 June, compared with a net profit of about won71 billion in the corresponding period of the previous year. Second-quarter sales decreased 17.4%, to won715.7 billion. Operating profits decreased 80.5%, to won17.7 billion. The company’s polysilicon business recorded second-quarter sales of won154.4 billion and an operating loss of won29.4 billion, compared with sales of won246.8 billion and an operating profit of won4.2 billion...
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