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Regions :: North Asia :: Korea
Strong Selling Prices Lift LG Chemâ€™s Chemical Profits
9:28 AM MDT | October 16, 2007 | Kerri Walsh
LG Chemâ€™s petrochemicals business reported third-quarter operating profit up 172%, to 170.9 billion won ($187 million), on sales up 6%, to 1,743 billion won. Strong polyolefin prices and decreased depreciation expenses drove earnings, LG says. Firm global demand for polyvinyl chloride led to increased selling prices, the company says. LGâ€™s petrochemicals subsidiary reported net income down 1%, to 67 billion won, on sales up 3%, to 659.6 billion...
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