[
THE INVESTOR]
LG Chem, the battery and chemicals unit of LG Group, said on July 21 its net profit soared 9.3 percent in the second quarter largely due to improved petrochemicals margins on falling oil prices.
Net income came in at 386 billion won (US$338 million) on a consolidated basis in the April-June period, compared with a profit of 353 billion won a year earlier, the company said in a regulatory filing.
Operating income advanced 9.3 percent on-year to reach 616 billion won, while sales gained 2.8 percent on-year to 5.27 trillion won.
(
theinvestor@heraldcorp.com)