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Korean companies report mixed results for the first quarter

9:30 AM MDT | May 6, 2013 | —Deepti Ramesh

Leading Korean chemical companies report mixed financial results for the first quarter of 2013. LG Chem posted a 10.6% decline in net profits for the first quarter compared with the year-ago period, to 340.4 billion South Korean won ($308 million). First-quarter sales decreased 0.5%, to won5.72 trillion. Operating profits decreased 8.5% in the first quarter compared with the corresponding period of last year, to won408.9 billion. SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded a 28.5% rise in operating profits...

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