[Breaking] Lotte Chemical Q2 Operating Profit of 110.1 Billion Won... Turns to Profit from Previous Year's Loss
Lotte Chemical recorded an operating profit of 110.1 billion won on a consolidated basis in the second quarter, turning to a profit from a loss in the same peri
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Lotte Chemical recorded an operating profit of 110.1 billion won on a consolidated basis in the second quarter, turning to a profit from a loss in the same period last year. Revenue and net income also improved across the board compared to both the previous year and the previous quarter.
On the 7th, Lotte Chemical announced through its preliminary consolidated earnings disclosure that its Q2 2026 revenue reached 5.68637 trillion won. This represents a 39.2% increase year-on-year and a 13.9% increase compared to the previous quarter. Cumulative revenue for the first half stood at 10.676891 trillion won, up 18.8% from the same period last year.
Operating profit for the second quarter was 110.139 billion won, marking a return to profitability from a loss of 250.486 billion won in the same period last year. Compared to the previous quarter, it increased by 49.9%. Cumulative operating profit for the first half amounted to 183.617 billion won, turning to a profit from a loss of 377.087 billion won in the same period last year.
Profit before income tax from continuing operations was 242.417 billion won, turning to a profit from a year-ago loss and surging 424.6% compared to the previous quarter. Net income for the period was 194.491 billion won, also swinging to a profit from a loss a year earlier and increasing 481.3% quarter-on-quarter. Net income attributable to owners of the parent company was 219.227 billion won, similarly turning profitable from a year-ago loss and jumping 342.0% from the previous quarter.
On a cumulative first-half basis, the company recorded 288.626 billion won in profit before income tax from continuing operations, 227.949 billion won in net income, and 268.826 billion won in net income attributable to owners of the parent company, with all three metrics turning to profit from losses in the same period last year.
The company stated that these figures are preliminary consolidated results prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS), and as estimates that have not yet undergone external audit, they may differ from the final audited results.
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