Q1 2020 LG Chem Ltd Earnings Call Transcript
Good morning. This Hyun-suk Yoon, Head of IR at LG Chem. Thank you for taking an interest in LG Chem and joining this call despite your busy schedules. We will now start LG Chem's 2020 First Quarter Earnings Conference Call. We will begin with the introduction of company executives on this call, followed by the 2020 Q1 earnings performance, 2020 Q2 earnings outlook, CFO highlight presentation and the Q&A session. The presentations will be interpreted simultaneously while the Q&A will be interpreted consecutively.
Let's begin today's call with the introduction of the management team. We have CFO, Dong Seok Cha; Cha Lun from Business Strategy; Young Suk Lee from Business Planning; [Ho Lee] from Petrochemicals; [Hong Su Jeung] from Energy Solutions; and [Chong Wook Park] from Advanced Materials.
First, 2020 Q1 P&L. 2020 Q1 sales was KRW 7.1157 trillion, a 4.5% decrease Q-o-Q. With the COVID-19, shipments fell as we made adjustments to our plant operations and downstream industry suspension of their operations.
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