DL, Q3 Revenue Expected at 622.6 Billion KRW... 59% Increase YoY
[Asia Economy Reporter Junhyung Lee] DL announced on the 29th through a preliminary earnings report that its sales for the third quarter of this year are expected to be 622.6 billion KRW, with an operating profit of 74.5 billion KRW. Sales and operating profit increased by 59% and 25%, respectively, compared to the same period last year.
This was mainly driven by the balanced performance improvement of its major subsidiaries. DL is a holding company of DL E&C, DL Construction, DL Chemical, and DL Energy.
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The operating profit of DL Chemical, a major subsidiary, was 25.9 billion KRW, up 22% from the same period last year. This was the result of the operation of the newly expanded 250,000-ton polyethylene (PE) plant earlier this year and continued strong sales of polybutene (PB) lubricants. DL Energy recorded an operating profit of 21.5 billion KRW, a 26% increase year-on-year, due to increased sales of renewable energy certificates (REC) and rising electricity prices following the increase in oil prices.
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