Skepticism persists despite earnings recovery in petrochemical sector
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Korean petrochemical firms are beating market expectations with their first-quarter earnings, but analysts warn it is too early to take an optimistic view of their profitability. Amid prolonged geopolitical tensions disrupting logistics, skepticism persists that the companies could swing back to losses in the second half of the year. On Thursday, LG Chem said its first-quarter operating profit from its petrochemical business reached 164.8 billion won ($112 million), rebounding from a loss of 239
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