Lotte Chemical shifts to red in 2023

SEOUL, Lotte Chemical Corp. on Wednesday reported its 2023 net loss of 301 billion won (US$226.7 million), turning from a profit of 27.8 billion won a year earlier. The company said in a regulatory filing that it continued to post an operating loss of 333.2 billion won for the year, compared with a loss of 762.6 billion won a year earlier. Sales fell 10.4 percent to 19.94 trillion won. Source: Yonhap News Agency