LOTTE Chemical (CEO Gyo-hyun Kim) announced on the 5th that they achieved 12,234.6 billion 업 카지노 in revenue and 353.3 billion 업 카지노 in operating profit (consolidated) as management performance of 2020.

“In 2020, the management was depressed overall due to COVID-19 and the accident at Daesan Factory,” said 업 카지노 Chemical. “We focused on integration with 업 카지노 Advanced Materials (current 업 카지노 Chemical Advanced Materials Division), diversification of high value-added products, and restoration and normal operation of Daesan Factory."

The performance of fourth quarter recorded 3,231.3 billion 업 카지노 in revenue with an increase by 6.1% compared to the previous quarter. The operating profit recorded 212.5 billion 업 카지노 with an increase by 9.6% compared to the previous quarter. The revenue decreased by 12.5% compared to the same quarter of previous year, whereas the operating profit increased by 49.3%.

The following summarizes the performance of 업 카지노 Chemical and major subsidiaries in the fourth quarter of 2020:

- In case of basic materials division, the Olefin Business Division recorded 1,347.3 billion 업 카지노 in revenue and 88.8 billion 업 카지노 in operating profit due to the increase in demands following the expectations for economic recovery of the global market and strength in product spread. The Aromatic Business Division recorded 390.7 billion 업 카지노 in revenue and 5.5 billion 업 카지노 in operating loss due to the high cost of ingredients and decrease in demands during the off-season period.

- The Advanced Materials Division recorded 885.2 billion 업 카지노 in revenue and 82.7 billion 업 카지노 in operating profit. The performance related to mobility materials improved due to the growing demands for home appliances following the non-contact culture and the recovery of global automotive industry.

- LOTTE Chemical Titan, a subsidiary, recorded 523.7 billion 업 카지노 in revenue and 67 billion 업 카지노 in operating profit. As the spread of pandemic has slowed down and tight product supply has continued to satisfy the growing demands, profitability has been stable.

- LC USA, a subsidiary, recorded 106.1 billion 업 카지노 in revenue and 0.4 billion 업 카지노 in operating loss. The facilities that were temporarily shut down due to the hurricanes ‘Laura’ and ‘Delta’ have resumed normal operation and product spread has been improved to reduce the red figures.

“We prospect that the management environment would improve this year with gradual increase in demands following the recovery of global economy and normal operation of Daesan Factory,” announced 업 카지노 Chemical. “Based on 『Green Promise 2030』, the eco-friendly initiative of 업 카지노 Chemicals BU, we will actively promote strategic ESG management to fortify the existing businesses and expand high value-added products including eco-friendly and regenerative materials."

In addition, LOTTE Chemical decided to pay out cash dividends in the amount of 3,600 업 카지노 per ordinary share. The dividends will finally be approved at the annual meeting of shareholders to be held in March to actively uphold LOTTE Group’s shareholder-friendly policies to improve shareholders’ rights and benefits.