[THE INVESTOR] Lotte Chemical said on Oct. 30 that its third-quarter earnings surged 39.8 percent from a year earlier as margin spreads on its key products widened thanks to stable demand.
Net profit reached 631 billion won (US$561 million) in the July-September period compared with a profit of 451 billion won a year earlier, the company said in a regulatory filing.
Operating income also spiked 19 percent on-year to reach 766 billion won in the third quarter and sales soared 16.4 percent to 3.99 trillion won over the cited period.
By Alex Lee and newswires (
alexlee@heraldcorp.com)