LG Chem reports fall in profits

LG Chem posted a 22.5% decline in net profits for the fourth quarter of 2012 compared with the year-ago period, to 292.0 billion South Korean won ($269.0 million). Fourth-quarter sales increased, however, by 1.5%, to won5.7 trillion. Operating profits decreased 28.4% in the fourth quarter compared with the corresponding period of last year, to won364.0 billion. For the full year, LG Chem reported a 30.6% fall in net profits, compared with 2011, to won1.5 trillion, and operating profits decreased 32.2%, to won1.9 trillion. The company’s full-year sales...

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