JC Chemical's Third-Quarter Operating Profit Rises 437% Year on Year to KRW 9.9 Billion

JC Chemical's third-quarter operating profit rose 437% year on year to KRW 9.9 billion.

According to JC Chemical on October 28, consolidated revenue for January-September this year totaled KRW 450.2 billion, up 60% year on year, while operating profit rose 183% to KRW 22.9 billion. Net income reached KRW 13.3 billion, marking a return to profitability.

Operating profit in the domestic biofuel business rose approximately 276% year on year, driven by expanded biodiesel (BD) exports, increased sales of pretreatment units (PTUs) for bio-aviation fuel feedstock, and improved cost competitiveness through the use of low-cost feedstocks. In Indonesia, the palm plantation business also posted a 126% year-on-year increase in operating profit, buoyed by higher crude palm oil (CPO) prices and increased production and sales volumes. CPO production also rose approximately 49%, and the combined expansion in production and improved profitability made a significant contribution to growth in consolidated results.

A JC Chemical representative said, "By improving our Onsan pretreatment facilities, work on which is currently underway, we will increase our use of various low-cost feedstocks and pursue entry into the next-generation biofuel market." The representative added, "We will strengthen our medium- to long-term growth drivers by expanding the production base and improving productivity at our palm plantations in Indonesia."

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