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LG Chem Records Huge Rise in Fourth-Quarter Profits

12:04 AM MST | January 29, 2010 | Deepti Ramesh

LG Chem reported a 238.5% increase in net profits, to won208.5 billion ($180 million), for the fourth quarter of 2009, compared with the year-ago period. Sales were up about 23.5%, to won4.1 trillion. For the full year 2009, LG Chem’s net profits increased 50%, to won1.5 trillion, compared with 2008, and sales were up 9%, to won15.8...

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