Kraton (Part of DL Holdings) Q1 Report 2023

In 1Q, DL Holdings posted KRW 69 bn (YoY +114%, QoQ +247%) in operating profit, showing QoQ and YoY increase, thanks to Kraton turning a profit and DL Energy having had a high season.

Sales 662.9 (QoQ -8%)
Operating Profit 9.0 (QoQ reverted to profit)

Profit increased QoQ and YoY backed by Polymer business performance improvement
1) Polymer: Sales volume and profit improved QoQ after a weak season
2) Chemical: Profit declined QoQ due to weak demand in Europe and rise in raw material (CTO) price