Korean companies report mixed results for the fourth quarter

Leading Korean chemical companies reported mixed financial results for the fourth quarter of 2012. LG Chem posted a 22.5% decline in net profits for the fourth quarter compared with the year-ago period, to 292.0 billion South Korean won ($268 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 the previous year, to won364.0 billion. SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded a...

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