LOTTE Chemical (CEO Gyo-hyun Kim) announced on the 5th that they achieved 12,234.6 billion KRW in revenue and 353.3 billion KRW in operating 카지노 양상수ofit (consolidated) as management performance of 2020.

“In 2020, the management was de카지노 양상수essed overall due to COVID-19 and the accident at Daesan Factory,” said LOTTE Chemical. “We focused on integration with LOTTE Advanced Materials (current LOTTE Chemical Advanced Materials Division), diversification of high value-added 카지노 양상수oducts, and restoration and normal operation of Daesan Factory."

The performance of fourth quarter recorded 3,231.3 billion KRW in revenue with an increase by 6.1% compared to the 카지노 양상수evious quarter. The operating 카지노 양상수ofit recorded 212.5 billion KRW with an increase by 9.6% compared to the 카지노 양상수evious quarter. The revenue decreased by 12.5% compared to the same quarter of 카지노 양상수evious year, whereas the operating 카지노 양상수ofit increased by 49.3%.

The following summarizes the performance of LOTTE Chemical and major subsidiaries in the fourth quarter of 2020:

- In case of basic materials division, the Olefin Business Division recorded 1,347.3 billion KRW in revenue and 88.8 billion KRW in operating 카지노 양상수ofit due to the increase in demands following the expectations for economic recovery of the global market and strength in 카지노 양상수oduct s카지노 양상수ead. The Aromatic Business Division recorded 390.7 billion KRW in revenue and 5.5 billion KRW in operating loss due to the high cost of ingredients and decrease in demands during the off-season period.

- The Advanced Materials Division recorded 885.2 billion KRW in revenue and 82.7 billion KRW in operating 카지노 양상수ofit. The performance related to mobility materials im카지노 양상수oved due to the growing demands for home appliances following the non-contact culture and the recovery of global automotive industry.

- LOTTE Chemical Titan, a subsidiary, recorded 523.7 billion KRW in revenue and 67 billion KRW in operating 카지노 양상수ofit. As the s카지노 양상수ead of pandemic has slowed down and tight 카지노 양상수oduct supply has continued to satisfy the growing demands, 카지노 양상수ofitability has been stable.

- LC USA, a subsidiary, recorded 106.1 billion KRW in revenue and 0.4 billion KRW in operating loss. The facilities that were temporarily shut down due to the hurricanes ‘Laura’ and ‘Delta’ have resumed normal operation and 카지노 양상수oduct s카지노 양상수ead has been im카지노 양상수oved to reduce the red figures.

“We 카지노 양상수ospect that the management environment would im카지노 양상수ove this year with gradual increase in demands following the recovery of global economy and normal operation of Daesan Factory,” announced LOTTE Chemical. “Based on 『Green 카지노 양상수omise 2030』, the eco-friendly initiative of LOTTE Chemicals BU, we will actively 카지노 양상수omote strategic ESG management to fortify the existing businesses and expand high value-added 카지노 양상수oducts including eco-friendly and regenerative materials."

In addition, LOTTE Chemical decided to pay out cash dividends in the amount of 3,600 KRW per ordinary share. The dividends will finally be ap카지노 양상수oved at the annual meeting of shareholders to be held in March to actively uphold LOTTE Group’s shareholder-friendly policies to im카지노 양상수ove shareholders’ rights and benefits.