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Lotte Chemical Posts Higher Profit for Second Straight Quarter

LOTTE Chemical logoLOTTE Chemical
Sig1.95Sen+2.15Env0.00Soc0.00Gov0.00

Operating profit rose for the second consecutive quarter to about $77.7 million, nearly 50% higher than the first quarter. Results were mixed: basic chemicals revenue hit ₩3.94 trillion, but operating profit dropped to ₩2.3 billion as earlier one-offs dissipated. Improvement was driven by wider product spreads, currency effects and higher volumes; Q3 will face demand delays and volatile raw-material prices.

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