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South Korea’s LG Chemical’s net profit climbs 9.3% in Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/07/2016 (15:47)
According to media reports, South Korea’s LG Chemical’s net profit rose 9.3% in the second quarter to 386 billion won ($338 million) on a consolidated basis compared with a profit of 353 billion in the same period of last year. The increase was attributed to stronger petrochemical margins on the back of weak oil prices.

The company’s sales also rose 2.8% on the year to 5.27 trillion won ($4.423 billion) in the April-June period.
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