LG Chem Ltd (XKRX:051910)
â‚© 384500 -7000 (-1.79%) Market Cap: 29.09 Til Enterprise Value: 44.51 Til PE Ratio: 30.11 PB Ratio: 0.92 GF Score: 81/100
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Q1 2019 LG Chem Ltd Earnings Call Transcript

Apr 24, 2019 / 07:00AM GMT
Release Date Price: â‚©361500 (-2.56%)
Unidentified Company Representative

Good afternoon. This is [Hong Sun Beom], Head of IR at LG Chem. Thank you for taking an interest in LG Chem and joining this call despite your busy schedules.

We will now start LG Chem's 2019 Q1 earnings conference call. We will begin with the introduction of company executives on this call, followed by the 2019 Q1 earnings performance, 2019 Q2 earnings outlook and Q&A session. The earnings and outlook presentation will be interpreted simultaneously while the Q&A will be interpreted consecutively.

Let's begin today's call with the introduction of the management team. We have on the call, COO, Ho-Young Chung; Head of Business Strategy, [Char Nam]; Head of Business Planning, [Hyang-Sok Lee]; [Wan-Ju Mun] from Petrochemicals; [Hung-Shi Kim] from Energy Solutions; and [Wu-Sung Kim] from Advanced Materials.

We will now present LG Chem's 2019 Q1 earnings performance, followed by our outlook for the second quarter. First, 2019 Q1 P&L. Q1 sales was KRW 6,639.1 billion, a 9.6% decrease on quarter and a 1.3% increase on year. Operating profit was

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