Service Hotline
86-16600237486
Company Name: Tianjin Shengfan Technology Corporation
Mobile Phone: 86-16600237486
Email: chris@dyessf.com
Website: www.dyessf.com
| LG Chem's operating profit has significantly decreased |
| Recently, LG Chem released statistical data showing that in the second quarter of this year, the company’s operating profit reached 405.9 billion Korean won, a significant decrease of 34.3% year-on-year. The quarterly sales revenue was 12.30 trillion Korean won, a year-on-year decrease of 14.2%; Net profit was 59.8 billion Korean won, a year-on-year decrease of 91.1%. According to business department statistics, LG Chem Petrochemicals’ sales revenue was KRW 4.97 trillion and operating profit was KRW 32.3 billion. Despite the bullish trend in raw material prices, due to the seasonal off-season in markets such as home appliances, sales of major products have increased, and profits have returned for the first time in three quarters. The sales revenue of the advanced materials business department was 1.73 trillion Korean won, and the operating profit was 169.9 billion Korean won. In terms of battery materials, despite concerns about a slowdown in the growth of electric vehicles, sales and profit margins have improved due to an increase in exports of positive electrode materials. The profit margins of electronic materials and engineering materials have also improved due to the increase in the proportion of high value-added products. The life science business department benefited from the strong performance of key products such as diabetes and vaccines, with sales of 404.4 billion won and operating profit of 109 billion won. LG Energy Solutions, responsible for the battery business, had sales of KRW 6.16 trillion and operating profit of KRW 195.3 billion. Although the decline in metal prices has had an impact on sales prices, sales and advanced manufacturing production tax credits have increased due to the increase in sales of new electric vehicles launched to North American customers. |
|
|
| Release time: 2024-08-15 Click: 82 |
Company Name: Tianjin Shengfan Technology Corporation
Mobile Phone: 86-16600237486
Email: chris@dyessf.com
Website: www.dyessf.com
Recommended products: Direct Black EX( Direct Black 38), Direct Sky Blue 5B( Direct Blue 15), Direct Copper Blue 2B( Direct Blue 151), Direct Yellow G( Direct Yellow 12), Acid Red 3R( Acid Red 18), Acid Red 18( Congo Red, Direct Red 28), Sulphur Black BR( Sulphur Black 1), Acid Black ATT, Direct Yellow R( Direct Yellow 11), Acid Orange II( Acid Orange 7), Metanil Yellow( Acid Yellow 36), Direct Scarlet 4BS( Direct Red 23), Rhodamine B( Basic Violet 10), Auramine O( Basic yellow 2)