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

Home > Business > Industry

print dictionary print

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.

Yonhap

More in Industry

Robofork

Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now