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LG Chem to post 2013 Annual Earnings
2014.01.27 프린트 하기
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LG Chem to post 2013 Annual Earnings

“LG Chem to post its sales to KRW 23.14 trillion and operating profit to KRW 1.74 trillion.”      

 

1. 2013 Annual Earnings (Based on K-IFRS)

n  Financial Results

 

Ø  Sales : KRW 23.14 trillion (Down 0.5% YoY)

Ø  Operating profit : KRW 1.74 trillion (Down 8.8% YoY)

Ø  Net profit : KRW 1.27 trillion (Down 15.6% YoY)

 

n  Commentary on the Results (Annual Earnings)

Ø  Overall profitability has decreased due to hostile market situation and recession of frontline industries. Nevertheless, well-defended performance amid macroeconomic uncertainties and global economic slowdown.

 

2.  Q4, 2013 Earnings (Based on K-IFRS)

Ø  Sales : KRW 5.64 trillion (Down 0.7% YoY)

Ø  Operating profit : KRW 316.3 billion (Down 13.1% YoY)

Ø  Net profit : KRW 176.9 billion (Down 39.5% YoY)

 

3.  2014 Business Direction

Ø  Target revenue: KRW 23.92 trillion (Up 3.4% YoY)

Ø  Capital expenditures: KRW 1.95 trillion (Up 41.3% YoY)

Ø  Major investments:

-            Petrochemicals (Kazakhstan Project, Super Absorbent Polymer, Acrylic Acid )

-            IT & Electronic Materials (LCD glass substrate, Polarizer, ITO film)

-            Energy Solution (Polymer battery expansion)

 

4.  Business Outlook in Q1, 2014

Ø  (Petrochemicals) The biggest growth will come from reinforcing competitiveness of differentiated products such as SAP and SSBR, specifically aiming for higher profitability.

Ø  (IT & Electronic Materials) Securing stable profitability by reducing production cost and operating additional lines of polarizer and ITO film.

Ø  (Energy Solution) Strengthening shares within major customers in China and also securing new customers of automotive batteries in the global market.

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