Lotte Fine Chemical Q4 net income down 70.3 pct to 67 bln won

Lotte Fine Chemical-Q4 earnings

Lotte Fine Chemical Q4 net income down 70.3 pct to 67 bln won

SEOUL, Feb. 7 (Yonhap) -- Lotte Fine Chemical Co. on Tuesday reported its fourth-quarter net income of 67 billion won (US$53.3 million), down 70.3 percent from a year earlier.

Operating profit for the October-December period was 48.2 billion won, down 43.2 percent from a year ago, the company said in a regulatory filing. Revenue fell 5 percent to 496.6 billion won.

The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 84.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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