Written by 11:16 AM Economics

DL Chemical, operating profit of 211.7 billion won in the first half of this year…Strong performance despite weak petrochemical business


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, ‘Despite the poor performance of petrochemical companies, DL Chemical posted strong results.’,
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, ‘According to the preliminary results released by DL on the 1st, DL Chemical recorded sales of 2.5464 trillion won in the first half of this year, up by about 16.5% compared to the same period last year. Operating profit increased by 227.1 billion won to reach 211.7 billion won.’,
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, ‘On a non-consolidated basis, DL Chemical’s sales in the first half of this year increased by a significant 33.6% compared to the same period last year to 1.167 trillion won, with operating profit soaring from 31.4 billion won in the first half of last year to 156.9 billion won, a growth of about 400%.’,
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, ‘DL Chemical also closed the first quarter with strong results defying the downturn. On a consolidated basis, the company recorded sales and operating profit of 1.2297 trillion won and 117.8 billion won, representing increases of 9.9% and 540%, respectively, compared to the same period last year. On a non-consolidated basis, it achieved its highest sales since its establishment at 501.6 billion won. The company continued its strong performance in the second quarter as well. DL Chemical reported sales revenue of 1.3166 trillion won in the second quarter on a consolidated basis, up by 7% from the previous quarter. Operating profit also reached 93.9 billion won, despite a decrease due to Kraton’s regular maintenance work.’,
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, ‘The company attributes the strong performance to the high value-added products. DL Chemical has been restructuring its business focus on high value-added products for several years. The company’s POE, which was launched for sale last year, has been steadily increasing sales volume in the first half of this year, making a significant contribution to profits. PB, maintaining its position as the world’s top market leader, saw increases in both sales volume and spread in the first half. Cariflex, with its world-class technology, has also been recording high profits.’,
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, ‘A DL Chemical official stated, “We achieved strong results in the first half of the year based on the market’s strong trust in DL Chemical’s products,” adding, “DL Chemical will accelerate its growth as a technology-centered specialty company that can generate profits despite any market uncertainties in the future.”.’,
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