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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  LG Chem, Ltd.    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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LG Chem : Third-Quarter Net Profit More Than Quadruples

10/21/2020 | 03:22am EST

By Kwanwoo Jun

LG Chem Ltd.'s third-quarter net profit more than quadrupled from a year earlier, driven by the strong growth of its chemical and battery businesses.

Net profit for the quarter ended Sept. 30 was 570.39 billion Korean won ($500.9 million) compared with KRW137.19 billion a year earlier, the South Korean company said Wednesday. This beats a FactSet consensus forecast for net profit of KRW495.14 billion.

Revenue during the quarter rose 8.8% on year to KRW7.507 trillion in line with the company's preliminary forecast.

Operating profit more than doubled from a year earlier to KRW902.08 billion, matching the company's earlier estimate.

The company attributed the solid quarterly results to strong demand for chemical materials, including acrylonitrile butadiene styrene and polyvinyl chloride, and better product margins, as well as growing shipments of electric-vehicle batteries.

The quarterly results came ahead of the company's Oct. 30 shareholders' meeting on a plan to spin off its battery unit.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

10-21-20 0321ET

Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM, LTD. 3.55% 816000 End-of-day quote.157.01%
LG CORP. -1.28% 77200 End-of-day quote.4.61%
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Financials
Sales 2020 30 218 B 27,3 B 27,3 B
Net income 2020 1 521 B 1,37 B 1,37 B
Net Debt 2020 7 988 B 7,21 B 7,21 B
P/E ratio 2020 38,7x
Yield 2020 0,82%
Capitalization 58 266 B 52 591 M 52 614 M
EV / Sales 2020 1 928x
EV / Sales 2021 1 531x
Nbr of Employees -
Free-Float 58,0%
Chart LG CHEM, LTD.
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LG Chem, Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 923 107,14 KRW
Last Close Price 800 000,00 KRW
Spread / Highest target 50,0%
Spread / Average Target 15,4%
Spread / Lowest Target -25,0%
EPS Revisions
Managers
NameTitle
Hak Cheol Shin Vice Chairman & Chief Executive Officer
Okdong Son President
Jin-Soo Park Vice Chairman
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
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1st jan.Capitalization (M$)
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