LG Chem Q3 net income drops 14.6% year-over-year to 512B won, or US$447M as sales increased 17% to 5.886T won

Alison Gallant

Alison Gallant

Oct 21, 2011 – LG Chem

SEOUL, South Korea , October 21, 2011 (press release) – The business results for the third quarter of 2011 currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of their contents may be altered in the course of audit. Forecasts and projections contained in this material are based on current business environments and management strategies, and they may differ from the actual results upon changes and unaccounted variables.

From 2010, the business results are subject to the IFRS (International Financial Reporting Standards).

Industry Intelligence Editor’s Note: In an omitted table, the company reported Q3 net sales of 5.886 trillion won, net earnings of 512 billion won. For the same period a year ago, the company reported net sales of 5.021 trillion won, net earnings of 599 biillion won.

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