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LG Chem reports falls in profits, sales

4:19 AM MST | January 27, 2014 | Deepti Ramesh

LG Chem reports a 39.5% decline in net profits for the fourth quarter of 2013 compared with the year-ago period, to 176.9 billion South Korean won ($163.3 million). Fourth-quarter sales decreased 0.7%, to won5.64 trillion. Operating profits decreased 13.1% in the fourth quarter compared with the corresponding period of 2012, to won316.3 billion. For full-year 2013, LG Chem reports a 15.6% fall in net profits, compared with 2012, to won1.27 trillion, and operating profits decreased 8.8%, to won1.74 trillion. The company’s full-year sales decreased 0.5%, to...

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