"Earnings Shock" Lotte Chemical Reports 413.6 Billion KRW Operating Loss in Q3

Lotte Chemical announced on the 7th that it recorded sales of 5.2002 trillion KRW and an operating loss of 413.6 billion KRW in the third quarter.

Sales increased by 5.6% compared to the same period last year, but the company turned to a loss. Compared to the previous quarter, the operating loss widened by 272.1%.

The scale of the operating loss far exceeded the market forecast of -152.9 billion KRW.