OCI's operating profit for the first quarter was 203.6 billion won, up 80.4% from last year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-04-25 20:00:43
[Alpha Biz=(Chicago) Reporter Paul Lee] OCI received a good report card despite difficult market conditions such as polysilicon price fluctuations in the first quarter of this year.
OCI announced on the 25th that its operating profit in the first quarter of this year was 203.6 billion won, up 80.4% from the same period last year.
Sales reached 719.5 billion won, up 29% from the same period last year. Net profit rose 59.1 percent to 213.4 billion won over the same period.
OCI will be divided into OCI Holdings, a holding company, and OCI, a new corporation, as of the 1st of next month. The performance reflected the operating performance of the new split company as a suspended operating profit or loss.
Looking at the consolidated performance before the split, operating profit rose 55% year-on-year to 251.8 billion won, and sales rose 19% to 1.195 trillion won.
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