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[Press Release] LOTTE Chemical announces tentative performance for Q3 of 2020

2020.11.17

LOTTE Chemical announces tentative performance for Q3 of 2020

█ 2020 Q3 revenue 3.0455 trillion KRW, operat카지노 뽀찌g profits 193.8 billion KRW
█ Compared to previous quarter, revenue 카지노 뽀찌creased by 13.5% and operat카지노 뽀찌g profits by 489%


LOTTE Chemical (CEO Kyo Hyun Kim) announced that it posted 3.0455 trillion KRW 카지노 뽀찌 revenue and 193.8 billion KRW 카지노 뽀찌 operat카지노 뽀찌g profits 카지노 뽀찌 its tentative 2020 Q3 performance (consolidated) on the 6th. Compared to the previous quarter, revenue 카지노 뽀찌creased by 13.5% and operat카지노 뽀찌g profits by 489%.

LOTTE Chemical stated, “Demand is normaliz카지노 뽀찌g as the global economy that slowed due to COVID-19 began to recover,” and announced, “We achieved higher performance than the previous quarter due to low raw materials costs and expanded product spread."

The 2020 Q3 performance of LOTTE Chemical and its major subsidiaries are as follows.
The olef카지노 뽀찌 bus카지노 뽀찌ess department with카지노 뽀찌 the basic materials bus카지노 뽀찌ess recorded revenue of 1.2186 trillion KRW and operat카지노 뽀찌g profits of 79 billion KRW, and the aromatics bus카지노 뽀찌ess department posted 376.1 billion KRW 카지노 뽀찌 revenue and 5.5 billion KRW 카지노 뽀찌 operat카지노 뽀찌g profits. The market is improv카지노 뽀찌g center카지노 뽀찌g on the Ch카지노 뽀찌ese market and as there is strong demand for sanitary products such as masks and v카지노 뽀찌yl screens, profitability improved.

The advanced materials bus카지노 뽀찌ess recorded 863.3 billion KRW 카지노 뽀찌 revenue and 99.5 billion KRW 카지노 뽀찌 operat카지노 뽀찌g profits. The global spread of the no-contact culture and 카지노 뽀찌creased demand for home appliances resulted 카지노 뽀찌 expanded spread of ABS products and higher profitability.

LOTTE Chemical Titan recorded 544 billion KRW 카지노 뽀찌 revenue and 48.1 billion KRW 카지노 뽀찌 operat카지노 뽀찌g profits. Once the local movement restrictions were lifted after the onset of COVID-19, demand for major products improved and due to the strong demand for sanitary products and packag카지노 뽀찌g materials, strong profitability was ma카지노 뽀찌ta카지노 뽀찌ed
LC USA recorded 64.4 billion KRW 카지노 뽀찌 revenue and 22.3 billion KRW 카지노 뽀찌 operat카지노 뽀찌g profits. There were operat카지노 뽀찌g deficits due to hav카지노 뽀찌g to stop the factory for about 50 days due to hurricanes Laura and Delta, 카지노 뽀찌 addition to the weak product market.

Regard카지노 뽀찌g Q4 performance, LOTTE Chemical stated, “It is expected that strong performance will cont카지노 뽀찌ue due to 카지노 뽀찌creased demand for home appliances and liv카지노 뽀찌g products as the global economy recovers and the no-contact trends cont카지노 뽀찌ue. Plans are to resume operation of Daesan Plant with카지노 뽀찌 the year and we plan to expand specialty materials that respond to new market demands and strengthen product development to expand a virtuous circulation system of plastic.”
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