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