OCI reports huge fall in quarterly profits

OCI (Seoul), formerly DC Chemical, recorded a 93.8% fall in third-quarter net profits compared with the year-ago period, to won10.6 billion ($9.6 million). Sales decreased 29%, to won757.6 billion, and operating profits decreased 86.9%, to won33 billion. The company’s polysilicon business recorded third-quarter sales of won179.3 billion and an operating loss of won31.8 billion, compared with sales of won483 billion and operating profits of won179 billion in the year-ago period. OCI announced in July 2012 that it has suspended construction on the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers