Industry
Lotte Chemical posts 73.5 billion won Q1 operating profit, swings to profit
Lotte Chemical said on May 11 it posted first-quarter sales of 4.99 trillion won and an operating profit of 73.5 billion won, swinging to a profit from a year earlier. Net profit came to 33.5 billion won. The company said it improved profitability through more agile feedstock sourcing and flexible operating rate adjustments despite rising raw material prices and increased geopolitical risks in the Middle East.
