Hit by surging costs of raw materials, Q1 net income at LG Petrochemicals fell 35% from a year ago. Net profit was 33.8 billion won ($35.4 million) for the January-March period, compared with 52 billion won a year earlier. Q1 operating profit also declined 39% to 42.2 billion won, but sales rose 12% to 513.4 billion won. Rising prices of naphtha lowered its profitability despite upbeat sales in the industrial chemical bisphenol-A and strong prices of overall products.
18-Apr-06 
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