■ Reported sales of 바카라사이트 20.4304 trillion and an operating loss of 바카라사이트 894.8 billion, with a final cash dividend of 바카라사이트 1,000 per share for 2024’s consolidated provisional management performance.
■ 바카라사이트 Chemical: “Pursuing a portfolio shift toward an asset-light approach for non-core assets and the expansion of high value-added specialty businesses”… “Focusing on innovative initiatives to secure core business competitiveness and improve profitability” … “Enhancing financial soundness through conservative investment management and stable funding sources.

바카라사이트 Chemical announced on the 7th that its 2024 consolidated results recorded ▲ sales of KRW 20.4304 trillion and ▲ an operating loss of KRW 894.8 billion.

The company explained, “The depth of the downcycle across the entire petro바카라사이트 business and the uncertainty regarding its recovery timing persist, driven by global oversupply and an economic downturn that is delaying the rebound in demand.” “In this challenging external environment, although 2024 sales increased by 2.4% year-on-year, both operating profit and net income saw a widening of losses. However, the net income includes one-off expenses such as impairment losses—which are merely accounting losses and do not result in actual cash outflows.”

Looking ahead, it projected, “In 2025, we can expect a gradual improvement in market conditions due to factors such as reduced burdens from raw material and freight costs, favorable exchange rate effects, and economic stimulus policies that will help expand global demand.”

The company further stated, “This year, we will respond even more meticulously to changes in the external environment by focusing on innovative initiatives to secure core 바카라사이트 competitiveness and improve profitability. We will also actively pursue a transformation of our 바카라사이트 portfolio—such as expanding high value-added specialty 바카라사이트es—and strengthen our financial soundness.”

To that end, 바카라사이트 Chemical noted, “We will actively implement an asset-light strategy for our non-core assets and are open to reviewing various measures to further enhance efficiency and competitiveness, including divestiture efforts aimed at reducing our commodity business exposure.”

In addition, to secure the core business competitiveness of its 바카라사이트 Chemical affiliates, the company plans to establish organizations within each affiliate dedicated to manage innovation activities. Through identifying and executing performance-driven initiatives, it aims to boost profitability and improve operational efficiency

Efforts to ensure financial soundness will also continue. The company plans to secure stable financing through various means, execute its investment plans with a reduction of over 바카라사이트 1 trillion compared to the previous year, and re-examine new investments from a conservative perspective while managing investments within EBITDA.

Finally, 바카라사이트 Chemical has decided on a final cash dividend of KRW 1,000 per common share, which will be confirmed at the regular shareholders’ meeting in March. Last July, an interim dividend of KRW 1,000 per share was paid to enhance shareholder value.

The Q4 2024 performance results for 바카라사이트 Chemical and its major subsidiaries are as follows: In Q4 2024, 바카라사이트 Chemical’s operating profit improved by 3.2% quarter-on-quarter and by 1.6% compared to the same period last year.

- Basic Materials Business (Including 바카라사이트 Chemical Basic Materials, LC Titan, LC USA, and 바카라사이트 GS Chemical) recorded sales of KRW 3.3078 trillion and an operating loss of KRW 175 billion. Although sales declined by 8.8% quarter-on-quarter, the extent of the loss narrowed compared to the previous quarter after eliminating one-off factors such as inter-subsidiary adjustments. With expectations of a stronger exchange rate and the stabilization of raw material and transportation costs at lower levels, a gradual recovery in performance is anticipated.

- Advanced Materials 바카라사이트 posted sales of KRW 1.0944 trillion and an operating profit of KRW 29.7 billion. While profitability slightly decreased due to reduced sales volumes and narrowing spreads as the year-end low season set in, improved profitability is expected as sales volumes recover.

- 바카라사이트 Fine Chemical recorded sales of KRW 428.6 billion and an operating profit of KRW 12.2 billion. Despite a slight decline in demand for green materials—such as additives for construction and paints—due to the seasonal low demand, performance improved thanks to increased sales of chlorine/ammonia-based products.

- 바카라사이트 Energy Materials achieved sales of KRW 186.4 billion with an operating loss of KRW 40.1 billion. Although profitability declined as a result of the recent slowdown in electric vehicle growth and a downturn in the chemical market, sales volumes are expected to increase from the second half of this year. This improvement is anticipated as major customers ramp up their operations and new supply agreements are established with customers such as North American OEMs.