Due to the improved performance even in [hyomun financial newspaper reporters standing in South Korea - the former division, LG Chem has surpassed 6 trillion won the first ever quarterly sales. Operating profit recorded a maximum in just 6 years.
LG Chem said that on the 19th the first quarter consolidated sales 6.4867 trillion won, operating profit of 796.9 billion won. In particular, sales increased 33.1% and 17.7% QoQ YoY and showed the largest ever.
Operating profit increased by 74.1%, 72.6% QoQ YoY. The first quarter of 2011 posted a record-high earnings (831.3 billion won), since the maximum hit in six years.
This strong performance is the same uniform performance of all divisions. First, basic materials sectors By business sales 4.4953 trillion won, and operating profit recorded a record-high quarterly operating profit to 733.7 billion won. To ensure customer demand for the stock of the oil prices, improved product spreads due to tight supply, strong business in China, including sales compared to the same period last year by 28% and operating profit increased 57.4%.
Cell division posted a 999.4 billion won and an operating loss of 10.4 billion won sales. Growth of the electric car battery business to sales is sustainable dwaeteuna, sales YoY to seasonality effects of small batteries and battery ESS has increased by 22.7% and showed an operating loss.
Electronic materials division recorded a turnover 726 billion won, operating profit of 29.3 billion won. Downstream industry market conditions improve, a large TV Overweight, sales, thanks to productivity gains and cost savings activities compared to the same period the previous year for an increase of 15.8% and operating profit turned to a surplus for the first time in four quarters.
Life science sector sales showed a 129.4 billion won, operating profit of 20.6 billion won. Eve are (filler) and Gemini Posts by (diabetes drug), such as sales YoY increase in sales of such major strategic product, 8%, and operating profit increased 20.5%. A subsidiary of Palm Hannong has recorded sales 253.9 billion won, operating profit of 50.4 billion won. Sales YoY peak domestic market, product portfolio improvements of 4.8% and operating profit increased by 31%.
LG Chem explained that "quarterly record high operating profit, the information turnaround, Life Sciences Division and subsidiary farms Hannong profitable growth, such as division by performance improvement in the first quarter of strong performance even by the electronic materials division of the basic materials sector." .
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