Lotte Chemical posts net loss in Q2

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SEOUL, Aug. 8 (Yonhap) — Lotte Chemical Corp. announced its second-quarter financial results on Tuesday, revealing a net loss of 140.3 billion won (US$106.6 million), reversing a profit of 36.2 billion won from the same period last year.

The company reported an operating loss of 77 billion won for the April-June period, a decrease from the 59.5 billion won loss of the previous year. Revenue fell by 5.9 percent to 5 trillion won.

The loss was 348.8 percent higher than the average forecasted by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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UZA News

The third conference on intellectual property of the countries participating in the Belt and Road Initiative was successfully held in Beijing, with the participation of a delegation from Uzbekistan led by Deputy Minister of Justice Muzraf Ikramov. The conference, organized by the China National Intellectual Property Administration and the World Intellectual Property Organization (WIPO), focused on strengthening regional cooperation in intellectual property and exploring ways to promote innovation and creativity through financial opportunities. The participating countries agreed to prioritize openness, solidarity, mutually beneficial cooperation, and the development of intellectual property within the Belt and Road Initiative. Norgul Abduraimova from UzA also attended the conference.

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