LG Chem is preparing to report a very successful quarter
According to sources, LG Chem is preparing to report on the successful quarter, which ended for her on June 30 this year.
Net profit for the period should be about 432 million dollars, while during the same period a year earlier, the company received 310 million dollars.
Operating profit should exceed 605 million USD (12,5% more than in the previous year). Sales will grow by 18.8% to a level of 5.45 billion dollars.
Kiwoom Securities analysts believe that operating profit for LG Chem in the second quarter will be even higher and will amount to 650 million dollars.