South Korean petrochemicals maker LG Petrochemical Co. has reported a 20% drop in its Q3 earnings. Net profit fell by 19.3% from year ago levels to 59.6 billion won (US$56.4 million) in the July-September period. This drastic drop can be attributed to a surge in feedstock and raw material costs
Though operating profit dropped 18.7% to 83.2 billion won, sales rose 11.4% to 542.5 billion won. The rise in sales figures is mainly due to a rise in prices of key products.
26-Oct-05 
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