Asian Chemical Companies Report Mixed Financial Results

Leading Asian chemical companies reported mixed financial results for the quarter ended June 30, 2012. Reliance Industries (Mumbai), LG Chem (Seoul), and OCI (Seoul)—formerly DC Chemical—reported falls in profits, and SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) reported a net loss. However, SK Global Chemical, the petrochemical business of SK Innovation (Seoul)—formerly SK Energy—recorded a rise in operating profits. Reliance says net profits for its fiscal first quarter, ended June 30, decreased 21% compared...

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