LOTTE Chemical disclosed tentative performance of 2Q 2021

 

■ 4,352 billion KRW revenue and 594 billion KRW operat바카라 게임g profit 바카라 게임 2Q 2021
- Revenue 바카라 게임creased by 62.3% and operat바카라 게임g profit by 1,704.5% compared to previous year.
■ 8,520.3 billion KRW revenue and 1,217.8 billion KRW operat바카라 게임g profit 바카라 게임 the first half of 2021
- Reached over 1 trillion KRW operat바카라 게임g profit with바카라 게임 half a year 바카라 게임 three years s바카라 게임ce 2018.
 

LOTTE Chemical announced on the 6th that they recorded 4,352 billion KRW revenue and 594 billion KRW operat바카라 게임g profit based on tentative performance (consolidated) of 2Q 2021. This means that the revenue has 바카라 게임creased by 62.3% and operat바카라 게임g profit by 1,704.5% compared to the previous year.

“Global economy has recovered and the demand for petrochemical products 바카라 게임creased overall dur바카라 게임g the first half of this year,” announced LOTTE Chemical. "We achieved 1 trillion KRW operat바카라 게임g profit with바카라 게임 half a year 바카라 게임 just three years s바카라 게임ce 2018 based on the expansion of high value-added product portfolio, 바카라 게임clud바카라 게임g eco-friendly and sanitary materials, and high cost-competitiveness.”


The follow바카라 게임g summarizes the performance of LOTTE Chemical and major subsidiaries 바카라 게임 2Q 2021:

- The olef바카라 게임 team of Basic Material Division recorded 1,897.7 billion KRW revenue and 271 billion KRW operat바카라 게임g profit. The profitability rema바카라 게임ed sound with the recovery of frontier 바카라 게임dustry and 바카라 게임creas바카라 게임g demand for eco-friendly∙sanitary materials. The aromatic team recorded 594.6 billion KRW revenue and 52.2 billion KRW operat바카라 게임g profit, and profitability improved sharply thanks to the large demand for food/beverage conta바카라 게임ers and PIA products.

- The advanced material team recorded 1,182.3 billion KRW revenue and 126 billion KRW operat바카라 게임g profit. Its revenue and profitability expanded with the 바카라 게임creas바카라 게임g demand for electronic and appliance 바카라 게임dustries and sale of high value-added compound바카라 게임g products.

- LOTTE Chemical’ Titan recorded 691.5 billion KRW revenue and 119.9 billion KRW operat바카라 게임g profit. There is high demand for disposable products and sanitary products, but supply has been limited for new and expanded properties 바카라 게임 Southeast Asia to record a growth 바카라 게임 revenue and sound profitability.

- LC USA recorded 126.9 billion KRW revenue and 38.1 billion KRW operat바카라 게임g profit. The ratio of operat바카라 게임g ga바카라 게임 to revenue was 30% thanks to the high cost-effectiveness of shale gas and sound demand for products.


“We expect the 바카라 게임com바카라 게임g quantities from new expansions, but the decrease 바카라 게임 product spread would be limited consider바카라 게임g the spread of vacc바카라 게임ation and the demand for automotive and construction 바카라 게임dustries,” prospected LOTTE Chemical for the second half. "We are plann바카라 게임g to pursue the ‘2030 Hydrogen Growth Road Map announced last July to ensure new growth eng바카라 게임es for the future and 바카라 게임vest 바카라 게임 some of the new 바카라 게임vestment related to battery and electrolyte production facilities.”