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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Korean firms post mixed results for the second quarter

2:57 PM MDT | August 26, 2013 | —Deepti Ramesh

Leading South Korean chemical companies report mixed financial results for the second quarter of 2013. LG Chem posted a 7.2% increase in net profits for the second quarter compared with the year-ago period, to 401 billion South Korean won ($358 million). LG Chem’s second-quarter sales decreased 1.1%, however, to won5.92 trillion. SK Global Chemical, the petrochemical business of SK Innovation (Seoul), recorded a 37.1% rise in operating profits for the quarter compared with the year-ago quarter, to won223.6 billion. SK Global Chemical’s second-quarter...

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