Kumho Petrochemical SR earnings hit by butadiene prices

Seoul – Kumho Petrochemical has achieved a 16.4% year-on-year rise in third quarter sales to KRW540bn (€351 million), the company announced 2 Nov.

Profits for the three months to 30 Sept declined, due mainly to slow pass-through of higher butadiene costs in product prices, the Korean company reported.

According to Kumho Petrochemical, the period saw a sharp increase in the butadiene prices “due to troubles and regular maintenance in the region.”

The situation then eased towards the end of the quarter, as a downward price-trend took hold on…

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