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Regions :: North Asia :: Korea

OCI swings to profit

4:09 AM MDT | April 24, 2014 | Deepti Ramesh

OCI (Seoul) reports a net profit of 32 billion South Korean won ($30.7 million) in the first quarter of 2014, compared with a net loss of about won31 billion in the corresponding period of the previous year. First-quarter sales increased 2.3%, to won798 billion. OCI's basic chemical business segment reported sales of won521 billion and operating profits of won14 billion in the first quarter of 2014, compared with sales of won491 billion and an operating loss of won40 billion in the year-ago quarter. The basic chemical segment includes the company's polysilicon...

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