SOUTH Korean companies have revealed their financial results for Q2-2010 over the week. Some petrochemical companies saw considerably better figures for the April-June period, as per Chemorbis. A statement from the Central Bank that South Korea's economy grew 1.5 % in the quarter from three months earlier and 7.2% year on year - indicating a visible recovery in the country's economy after a global downturn. However, majority of the companies reported losses or lower profits for the quarter due to sliding margins as a result of new capacities from China and the Middle East.
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