LG Chem-Q1 earnings
LG Chem shifts to loss in Q1
SEOUL, April 30 (Yonhap) -- LG Chem on Thursday reported a first-quarter net loss of 781.9 billion won (US$526.2 million), shifting from a profit of 260.4 billion won tallied a year earlier.
The company said in a regulatory filing that it posted an operating loss of 49.7 billion won for the January-March period, compared with a profit of 437.7 billion won a year ago. Revenue also fell 2.6 percent to 12.24 trillion won.
The operating loss was 68.5 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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