LG Chem’s net profit rose 25.2% in fourth quarter

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LG Chem’s net profit rose 25.2% in fourth quarter

LG Chem, Korea’s top chemicals firm, said Wednesday that its fourth-quarter net profit rose 25.2 percent from a year earlier on steady demand for basic materials and increased battery sales.

Net profit reached 338.1 billion won ($316 million) in the October-December period, compared with a profit of 269 billion won a year earlier, LG Chem said in a regulatory filing.

For all of 2017, net profit came to 2.02 trillion won, up 57.8 percent from a year earlier.

Operating income rose 33.2 percent on-year to reach 614.9 billion won in the fourth quarter.

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