LOTTE Chemical Full-Year Report 2023
- Sales 4,908 FY 2023
- Operating Income (+ %) △301 (△6.1%) FY 2023
- EBITDA (%) 52 (1.1%) FY 2023
- Pre-tax Income (+ %) △506 (△10.3%) FY 2023
- Net Income (+ %) △416 (△8.5%) FY 2023
Profitability decreased as a result of lowered sales volume and product price due to entry into low seasonality
Spread squeeze due to weakened demand caused by
customer’s year-end inventory management and increased
naphtha price
Profitability decreased due to large inventory evaluation
loss compared to previous quarter