Lotte Chemical Corporation

011170.KS

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

15,323

Cost of Revenue

15,075

Gross Profit

247

Gross Margin

1.6%

Operating Income

-671

Operating Margin

-4.4%

Net Income

-1,283

Net Margin

-8.4%

EPS (Basic)

$-30.00

EPS (Diluted)

$-30.00

EBITDA

305

EBITDA Margin

2.0%

2023

12/31/2023

Revenue

14,960

Cost of Revenue

14,374

Gross Profit

586

Gross Margin

3.9%

Operating Income

-261

Operating Margin

-1.7%

Net Income

-38

Net Margin

-0.3%

EPS (Basic)

$-1.00

EPS (Diluted)

$-1.00

EBITDA

824

EBITDA Margin

5.5%

2022

12/31/2022

Revenue

16,707

Cost of Revenue

16,495

Gross Profit

201

Gross Margin

1.2%

Operating Income

-572

Operating Margin

-3.4%

Net Income

Net Margin

0.3%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

339

EBITDA Margin

2.0%

2021

12/31/2021

Revenue

13,590

Cost of Revenue

11,742

Gross Profit

1,848

Gross Margin

13.6%

Operating Income

1,152

Operating Margin

8.5%

Net Income

1,000

Net Margin

7.4%

EPS (Basic)

$28.00

EPS (Diluted)

$28.00

EBITDA

1,830

EBITDA Margin

13.5%

2020

12/31/2020

Revenue

9,167

Cost of Revenue

8,302

Gross Profit

865

Gross Margin

9.4%

Operating Income

268

Operating Margin

2.9%

Net Income

119

Net Margin

1.3%

EPS (Basic)

$3.00

EPS (Diluted)

$3.00

EBITDA

838

EBITDA Margin

9.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	15,323	14,960	16,707	13,590	9,167
Cost of Revenue	15,075	14,374	16,495	11,742	8,302
Gross Profit	247	586	201	1,848	865
Gross Margin	1.6%	3.9%	1.2%	13.6%	9.4%
Operating Income	-671	-261	-572	1,152	268
Operating Margin	-4.4%	-1.7%	-3.4%	8.5%	2.9%
Net Income	-1,283	-38	46	1,000	119
Net Margin	-8.4%	-0.3%	0.3%	7.4%	1.3%
EPS (Basic)	$-30.00	$-1.00	$1.00	$28.00	$3.00
EPS (Diluted)	$-30.00	$-1.00	$1.00	$28.00	$3.00
EBITDA	305	824	339	1,830	838
EBITDA Margin	2.0%	5.5%	2.0%	13.5%	9.1%