Lotte Chemical-Q4 earnings

Lotte Chemical swings to loss in Q4

SEOUL, Feb. 9 (Yonhap) -- Lotte Chemical Corp. on Thursday reported its fourth-quarter net loss of 80.6 billion won (US$64 million), turning from a profit of 62 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 395.8 billion won for the October-December period, compared with a profit of 29.5 billion won a year ago. Revenue rose 6.5 percent to 5.49 trillion won.

The loss was 12.4 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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