LG Chem reports record-high quarterly operating profit
- 4 years ago
LG화학 3분기 실적 '사상 최대'....석유화학•배터리 성장한 덕
South Korea's leading chemical company, LG Chem, has reported an all-time high operating profit for the third quarter.
The company says operating profit came to just under 785 million U.S. dollars,... an increase from the same period last year -- in the local currency -- of almost 1-hundred-60 percent.
It beat Wall Street estimates by 6-hundred-19 million dollars.
The company attributed the jump to strong sales of petrochemicals and products for electric car batteries.
Analysts expect profits to be up in the fourth quarter as well.
South Korea's leading chemical company, LG Chem, has reported an all-time high operating profit for the third quarter.
The company says operating profit came to just under 785 million U.S. dollars,... an increase from the same period last year -- in the local currency -- of almost 1-hundred-60 percent.
It beat Wall Street estimates by 6-hundred-19 million dollars.
The company attributed the jump to strong sales of petrochemicals and products for electric car batteries.
Analysts expect profits to be up in the fourth quarter as well.