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South Korean chemical companies' profits weighed down by costs

 Last Update: 2022-09-06
 Source: Internet
 Author: User

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Recently, major South Korean chemical companies announced second-quarter financial reports, which were generally mixed

The profits of leading companies have been severely cut

The profit of the top companies is severely cut The profits of the top companies are severely cut

LG Chem's second-quarter net profit was 718 billion won, down 54% year-on-year

According to the financial report released by Lotte Chemical, in the second quarter, the company's net profit fell by 93% year-on-year to 36 billion won, and sales revenue increased by 26.

Many companies are subject to raw material costs

Multiple companies are subject to raw material costs Multiple companies are subject to raw material costs

In the second quarter, in addition to the two leading companies, many Korean chemical companies also experienced declining profits

Kumho Petrochemical's sales revenue in the second quarter increased by 2% year-on-year to 2.

The chemical business unit of Hanwha Solutions reported second-quarter sales revenue of 1.

S-Oil's petrochemical business posted operating profit of 18 billion won in the second quarter, down 85.

Hyosung Chemical's sales revenue in the second quarter increased by 23.

Specialty Chemicals Profit Guaranteed

Specialty Chemicals Profit Guaranteed Specialty Chemicals Profit Guaranteed

In the second quarter, only a small number of Korean chemical companies saw significant profit growth

In the second quarter, SK Innovation's petrochemical business unit posted operating profit of KRW 76 billion and sales revenue of KRW 2.

Posco's sales revenue in the second quarter of this year was 803 billion won, a sharp increase from 480 billion won in the same period last year

Songwon achieved consolidated sales of KRW 342.

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