Lotte Chemical Reports Operating Loss of 53 Billion KRW in First Half... Turns to Deficit

[Asia Economy Reporter Hwang Yoon-joo] Lotte Chemical recorded an operating loss of 53 billion KRW in the first half of this year, turning to a deficit.

On the 14th, Lotte Chemical announced in its semi-annual report that it posted an operating loss of 53 billion KRW in the first half, turning to a deficit. Sales amounted to 5.9578 trillion KRW, down 21.3% compared to the same period last year, and it recorded a net loss of 59.5 billion KRW, also turning to a deficit.

Meanwhile, Lotte Chemical disclosed that it paid CEO Shin Dong-bin a salary of 1.75 billion KRW, Advisor Lee Ja-hyung 2.23317 billion KRW, and Consultant Jeon Myung-jin 773.98 million KRW as compensation.

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