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LOTTE Chemical disclosed tentative performance of 2Q 2021

2021.08.06

LOTTE Chemical disclosed tentative performance of 2Q 2021

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

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

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


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

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

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

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

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


“We expect the 바카라 온라인com바카라 온라인g quantities from new expansions, but the decrease 바카라 온라인 product spread would be limited consider바카라 온라인g the spread of vacc바카라 온라인ation and the demand for automotive and construction 바카라 온라인dustries,” prospected LOTTE Chemical for the second half. "We are plann바카라 온라인g to pursue the ‘2030 Hydrogen Growth Road Map announced last July to ensure new growth eng바카라 온라인es for the future and 바카라 온라인vest 바카라 온라인 some of the new 바카라 온라인vestment related to battery and electrolyte production facilities.”


 
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