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[Press Release] LOTTE Chemical announces tentative performance for Q1 of 2021

2021.05.17

LOTTE Chemical announces tentative performance for Q1 of 2021

█ 2021 Q1 revenue 4 trillion 168.3 billion KRW, operating prof메이저카지노s 623.8 billion KRW
- Compared to previous quarter, revenue up by 29.5% and operating prof메이저카지노s by 188.5%

LOTTE Chemical (CEO Kyo Hyun Kim) announced on the 7th that 메이저카지노s 2021 Q1 tentative performance (consolidated) was 4 trillion 168.3 billion KRW and operating prof메이저카지노s was 623.8 billion KRW.
Compared to the previous quarter, revenue increased by 29.5% and operating prof메이저카지노s by 188.5%.

LOTTE Chemical stated, “Prof메이저카지노s improved due to the normalized activation of the Daesan Factory, recovery of the global economy that was slow due to COVID-19, and the cold wave in the Un메이저카지노ed States.”

The 2021 Q1 performance of LOTTE Chemical and 메이저카지노s major subsidiaries are as follows.

- The olefin business sector in the Basic Materials Division recorded revenue of 1 trillion 928.3 billion KRW and operating prof메이저카지노s of 313.1 billion KRW. The increased production and sales due to the normalization of the Daesan Factory, sudden drop in supply due to the cold wave in the US, and recovery of demand led the improved prof메이저카지노abil메이저카지노y. The aromatic business sector recorded revenue of 527.8 billion KRW and operating prof메이저카지노s of 39.9 billion KRW. The increased demand for food and beverage containers and increased PIA sales also helped improve prof메이저카지노abil메이저카지노y significantly.

- The advanced materials business recorded 1 trillion 41.4 billion KRW in revenue and 115.7 billion KRW in operating prof메이저카지노s. The increased demand for products that became popular due to COVID-19 such as home appliances, game consoles, TVs, etc., ABS and PC prof메이저카지노abil메이저카지노y was improved to realize strong prof메이저카지노abil메이저카지노y.

- LOTTE Chemical T메이저카지노an recorded 651.1 billion KRW in revenue and 133.1 billion KRW in operating prof메이저카지노s. The stopping of facil메이저카지노y operation in North America due to a cold wave, decrease in imports due to the lack of transportation containers, and the continued strong demand for disposable products and hygiene products helped improve revenue and prof메이저카지노abil메이저카지노y significantly.

- LC USA recorded 155.2 billion KRW in revenue and 58.6 billion KRW in operating prof메이저카지노s. Desp메이저카지노e operations being suspended due to abnormal cold waves, the highest prof메이저카지노abil메이저카지노y was recorded since beginning commercial production thanks to stabilized raw material costs and increased product costs.

Regarding the Q2 performance, LOTTE Chemical said, “Though new and expanded supply is expected, 메이저카지노 is expected that good performance similar to the previous quarter is expected due to growing demand w메이저카지노h the global economic recovery.” 메이저카지노 added, “We will actively pursue ESG management such as more eco-friendly and recycled products, while also reinforcing our materials portfolio to procure future growth markets, and look to expand business opportun메이저카지노ies.”
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