SEOUL, Oct. 30 (Yonhap) — LG Chem Ltd. reported a net income of 585 billion won (US$432.5 million) for the third quarter, a decrease of 18 percent from the year prior.
The company stated in a regulatory filing that operating income for the July-September period dropped 5.6 percent year-over-year to 860.4 billion won. Sales declined 3.5 percent to 13.49 trillion won.
The results exceeded market expectations. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, analysts had an average forecast of 401.8 billion won.
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