Lotte Chemical remains in red in Q3
5 Articles
5 Articles
Lotte Chemical announced on the 6th that it recorded an operating loss of 281.4 billion won based on preliminary consolidated results for the third quarter of this year. This figure represents an expanded deficit compared to the same period last year (operating loss of 132.6 billion won). However, revenue reached 5.3951 trillion won, a 12.7% increase from the same period last year, exceeding market expectations. Compared to the previous quarter,…
(Seoul = Yonhap News) KOSPI-listed Lotte Chemical [011170] reported a consolidated operating loss of 281.4 billion won in the third quarter of this year, compared to an operating loss of 132.6 billion won in the same period last year...
Lotte Chemical received a poor report card for the third quarter of this year, compounded by the burden of raw material costs and sluggish demand from downstream industries. This is due to a significant deterioration in the profitability of the basic chemical sector, which is characterized by a "reverse lagging" phenomenon where product prices fail to reflect rising costs amidst continuing geopolitical risks stemming from the Middle East. As a r…
[Digital Daily Reporter Kim Yoo-jin] Despite an increase in sales in the third quarter of this year, Lotte Chemical’s profitability deteriorated as operating losses widened due to factors such as narrowing spreads caused by rising raw material costs and a decline in exchange rates. Lotte Chemical announced on the 6th that it recorded sales of 5.3951 trillion won and an operating loss of 281.4 billion won in the third quarter of this year. While…
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