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High demand, prices drive 145% profit growth at Kumho Petrochemical

Seoul – Korean petrochemicals supplier Kumho Petrochemical has posted strong results for the third quarter of 2017, ended 30 Sept, thanks to higher selling prices, butadiene prices and increased demand.

In a 14 Nov financial statement, the Seoul-based company reported a 145.5% growth in operating income at KRW57.7 billion (€44.8 million), compared to KRW23.5 billion in the third quarter of 2016.

Total sales grew 21.2% at KRW1.2 trillion, of which KRW463.5 billion were of synthetic rubber sales, up 22.2% compared to the same period in 2016.

Synthetic rubber…

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