Korea Petro Chemical Ind shifts to black in Q3

SEOUL, – Korea Petro Chemical Ind Co. on Friday reported its third-quarter net income of 17.3 billion won (US$12.8 million), swinging from a loss of 38.8 billion won a year earlier.

Operating profit for the July-September period was 18.8 billion, compared with a loss of 60.1 billion won a year ago, the company said in a regulatory filing. Sales rose 41 percent to 666.2 billion won.

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Source: Yonhap News Agency