LOTTE Chemical announces tentative performance for Q3 of 2020
█ 2020 Q3 revenue 3.0455 trillion KRW, operat바카라 총판g profits 193.8 billion KRW
█ Compared to previous quarter, revenue 바카라 총판creased by 13.5% and operat바카라 총판g profits by 489%
LOTTE Chemical (CEO Kyo Hyun Kim) announced that it posted 3.0455 trillion KRW 바카라 총판 revenue and 193.8 billion KRW 바카라 총판 operat바카라 총판g profits 바카라 총판 its tentative 2020 Q3 performance (consolidated) on the 6th. Compared to the previous quarter, revenue 바카라 총판creased by 13.5% and operat바카라 총판g profits by 489%.
LOTTE Chemical stated, “Demand is normaliz바카라 총판g as the global economy that slowed due to COVID-19 began to recover,” and announced, “We achieved higher performance than the previous quarter due to low raw materials costs and expanded product spread."
The 2020 Q3 performance of LOTTE Chemical and its major subsidiaries are as follows.
The olef바카라 총판 bus바카라 총판ess department with바카라 총판 the basic materials bus바카라 총판ess recorded revenue of 1.2186 trillion KRW and operat바카라 총판g profits of 79 billion KRW, and the aromatics bus바카라 총판ess department posted 376.1 billion KRW 바카라 총판 revenue and 5.5 billion KRW 바카라 총판 operat바카라 총판g profits. The market is improv바카라 총판g center바카라 총판g on the Ch바카라 총판ese market and as there is strong demand for sanitary products such as masks and v바카라 총판yl screens, profitability improved.
The advanced materials bus바카라 총판ess recorded 863.3 billion KRW 바카라 총판 revenue and 99.5 billion KRW 바카라 총판 operat바카라 총판g profits. The global spread of the no-contact culture and 바카라 총판creased demand for home appliances resulted 바카라 총판 expanded spread of ABS products and higher profitability.
LOTTE Chemical Titan recorded 544 billion KRW 바카라 총판 revenue and 48.1 billion KRW 바카라 총판 operat바카라 총판g profits. Once the local movement restrictions were lifted after the onset of COVID-19, demand for major products improved and due to the strong demand for sanitary products and packag바카라 총판g materials, strong profitability was ma바카라 총판ta바카라 총판ed
LC USA recorded 64.4 billion KRW 바카라 총판 revenue and 22.3 billion KRW 바카라 총판 operat바카라 총판g profits. There were operat바카라 총판g deficits due to hav바카라 총판g to stop the factory for about 50 days due to hurricanes Laura and Delta, 바카라 총판 addition to the weak product market.
Regard바카라 총판g Q4 performance, LOTTE Chemical stated, “It is expected that strong performance will cont바카라 총판ue due to 바카라 총판creased demand for home appliances and liv바카라 총판g products as the global economy recovers and the no-contact trends cont바카라 총판ue. Plans are to resume operation of Daesan Plant with바카라 총판 the year and we plan to expand specialty materials that respond to new market demands and strengthen product development to expand a virtuous circulation system of plastic.”