Industry
Lotte Chemical Q4 operating loss widens 85.7 percent
Lotte Chemical said on Tuesday it posted fourth-quarter revenue of 4.71 trillion won and an operating loss of 433.9 billion won, with revenue down 1.7 percent from a year earlier and the loss widening 85.7 percent. Full-year consolidated revenue was 18.48 trillion won and the operating loss was 943.6 billion won. The company cited seasonal factors and new operations at Lotte Chemical Indonesia, and set out plans to expand high value-added products and energy-related businesses.
