China Drying Network News South Korea's LG Chemical Company's second-quarter performance report showed that the company's net profit fell by 40% year-on-year to 373.8 billion won ($327 million); sales revenue increased by 5% year-on-year and rose to 6 trillion won; Operating profit fell 35% year-on-year to HK$503 billion, of which operating profit from petrochemicals fell 47% year-on-year to 343.6 billion won. LG Chemical stated that in the first half of the year, the company’s naphtha costs increased, and the prices of petrochemical products and plastic products declined, resulting in a decline in profit indicators.
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