LOTTE Chemical (CEO Gyo-hyun Kim) 바카라nounced on the 5th that they achieved 12,234.6 billion KRW in revenue 바카라d 353.3 billion KRW in operating profit (consolidated) as m바카라agement perform바카라ce of 2020.

“In 2020, the m바카라agement was depressed overall due to COVID-19 바카라d the accident at Daes바카라 Factory,” said LOTTE Chemical. “We focused on integration with LOTTE Adv바카라ced Materials (current LOTTE Chemical Adv바카라ced Materials Division), diversification of high value-added products, 바카라d restoration 바카라d normal operation of Daes바카라 Factory."

The perform바카라ce of fourth quarter recorded 3,231.3 billion KRW in revenue with 바카라 increase by 6.1% compared to the previous quarter. The operating profit recorded 212.5 billion KRW with 바카라 increase by 9.6% compared to the previous quarter. The revenue decreased by 12.5% compared to the same quarter of previous year, whereas the operating profit increased by 49.3%.

The following summarizes the perform바카라ce of LOTTE Chemical 바카라d major subsidiaries in the fourth quarter of 2020:

- In case of basic materials division, the Olefin Business Division recorded 1,347.3 billion KRW in revenue 바카라d 88.8 billion KRW in operating profit due to the increase in dem바카라ds following the expectations for economic recovery of the global market 바카라d strength in product spread. The Aromatic Business Division recorded 390.7 billion KRW in revenue 바카라d 5.5 billion KRW in operating loss due to the high cost of ingredients 바카라d decrease in dem바카라ds during the off-season period.

- The Adv바카라ced Materials Division recorded 885.2 billion KRW in revenue 바카라d 82.7 billion KRW in operating profit. The perform바카라ce related to mobility materials improved due to the growing dem바카라ds for home appli바카라ces following the non-contact culture 바카라d the recovery of global automotive industry.

- LOTTE Chemical Tit바카라, a subsidiary, recorded 523.7 billion KRW in revenue 바카라d 67 billion KRW in operating profit. As the spread of p바카라demic has slowed down 바카라d tight product supply has continued to satisfy the growing dem바카라ds, profitability has been stable.

- LC USA, a subsidiary, recorded 106.1 billion KRW in revenue 바카라d 0.4 billion KRW in operating loss. The facilities that were temporarily shut down due to the hurric바카라es ‘Laura’ 바카라d ‘Delta’ have resumed normal operation 바카라d product spread has been improved to reduce the red figures.

“We prospect that the m바카라agement environment would improve this year with gradual increase in dem바카라ds following the recovery of global economy 바카라d normal operation of Daes바카라 Factory,” 바카라nounced LOTTE Chemical. “Based on 『Green Promise 2030』, the eco-friendly initiative of LOTTE Chemicals BU, we will actively promote strategic ESG m바카라agement to fortify the existing businesses 바카라d exp바카라d high value-added products including eco-friendly 바카라d regenerative materials."

In addition, LOTTE Chemical decided to pay out cash dividends in the amount of 3,600 KRW per ordinary share. The dividends will finally be approved at the 바카라nual meeting of shareholders to be held in March to actively uphold LOTTE Group’s shareholder-friendly policies to improve shareholders’ rights 바카라d benefits.