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Woohyun Lee, Chairman of OCI Holdings. (Photo=OCI Holdings)
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[Alpha Biz= Reporter Kim Sangjin] In the second quarter of this year, OCI reported weaker performance compared to the previous quarter due to maintenance of carbon chemicals and losses from its Chinese subsidiary. OCI anticipates a gradual recovery in semiconductor materials sales starting in the latter half of the year. However, rising freight costs and uncertainties such as the U.S. presidential election are expected to pose challenges. OCI plans to focus on improving production efficiency and cost reduction to secure profitability.
OCI announced on the 24th that its consolidated operating profit for the second quarter was 35.3 billion won, a 9.2% decrease from the previous quarter. During the same period, sales increased by 4.8% to 566.5 billion won, while net profit fell by 31.9% to 26.2 billion won.
By business segment, the Basic Chemicals division saw its sales and operating profit rise to 205 billion won and 16 billion won, respectively, marking increases of 9% and 270% from the previous quarter. This growth was attributed to the base effect of maintenance in the first quarter and increased sales of certain products.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
