ID :
57719
Mon, 04/27/2009 - 17:15
Auther :
Shortlink :
https://www.oananews.org//node/57719
The shortlink copeid
LG Chem reports 12 pct rise in Q1 earnings
By Nam Kwang-sik
SEOUL, April 27 (Yonhap) -- LG Chem Ltd., South Korea's leading producer of chemicals, said Monday that its net profit rose 12 percent in the first quarter from a year earlier thanks to a good performance by its petrochemical division.
Net income amounted to 288.5 billion won (US$214.2 million) in the January-March
period, compared with 258.4 billion won a year ago, LG Chem said in a regulatory
filing.
Sales, however, fell 2 percent on-year to 2.93 trillion, while operating profit
advanced 22 percent to 416.5 billion won, it said.
Shares of LG Chem finished flat at 133,500 won on the Seoul bourse.
SEOUL, April 27 (Yonhap) -- LG Chem Ltd., South Korea's leading producer of chemicals, said Monday that its net profit rose 12 percent in the first quarter from a year earlier thanks to a good performance by its petrochemical division.
Net income amounted to 288.5 billion won (US$214.2 million) in the January-March
period, compared with 258.4 billion won a year ago, LG Chem said in a regulatory
filing.
Sales, however, fell 2 percent on-year to 2.93 trillion, while operating profit
advanced 22 percent to 416.5 billion won, it said.
Shares of LG Chem finished flat at 133,500 won on the Seoul bourse.
