LG Chem, Ltd. Announces Earnings Results for the Fourth Quarter and Full Year of 2018; Provides Earnings Guidance for the Fiscal Year 2019
For the year of 2018, the company reported sales of KRW 20,183,000,000,000, a 10% increase year-on-year. Operating income decreased by 23% year-on-year to KRW 2,246.1 billion. Weak demand and market conditions due to uncertainties in the global economy led to the drop in the Basic Materials operating income.
For the fiscal year 2019, the company provided that it will continue to grow -- continue its growth trajectory in 2019 by growing around 14% on year with sales outlook of KRW 32 trillion.