DL Co. said on the 7th that operating profit on a consolidation basis in the third quarter was 109.4 billion won, down 9.90% from a year earlier.
Revenue for the same period was 1.388 trillion won, down 2.42%. Net profit was 25 billion won, up 13.05%.
By major subsidiaries, DL Chemical posted operating profit of 36 billion won, down 24.5% from a year earlier. Revenue fell 2.8% to 1.1978 trillion won. It defended its results with high profitability in the specialty product PB (polybutene) institutional sector.
Cariflex, which produces medical IR (isoprene) latex, posted operating profit of 11.5 billion won and revenue of 63.9 billion won. These figures were down 31.1% and 1.4%, respectively, from a year earlier.
In the case of Kraton, operating profit fell 79.3% to 3 billion won due to the negative impact of falling prices of major materials and supplies. Revenue was 720 billion won, up 1.2%.
DL Energy posted operating profit of 50.6 billion won and revenue of 58.5 billion won. These figures were down 7.0% and 7.4%, respectively, from a year earlier. Amid rising power demand in the seasonal peak period, results reflected the full-scale pass-through of higher capacity fee unit prices at U.S. LNG power plants.
Glad recorded its highest-ever quarterly operating profit as favorable hotel market conditions continued with an increase in arrivals of foreign tourists. Glad's operating profit was 9.4 billion won, up 11.9% from a year earlier. Revenue was 27.5 billion won, a slight decrease of 1.8%.
A DL Co. official said, "Even in a challenging business environment, including a slump in the petrochemical market and falling materials and supplies prices, the structural revenue base of key subsidiaries remains solid," and "We plan to further improve profitability by expanding high value-added products and enhancing operational efficiency going forward."