LG Innotek Reports Q2 Earnings Surprise with Operating Profit of 42.9 Billion KRW, Up 128.7% YoY
[Asia Economy Reporter Ki-min Lee] LG Innotek announced on the 22nd that its consolidated operating profit for the second quarter of this year was tentatively estimated at 42.9 billion KRW.
This represents a 128.7% increase compared to the same period last year.
Sales amounted to 1.5399 trillion KRW, a 1.2% increase year-on-year. Net profit turned positive at 7.6 billion KRW.
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LG Innotek's second-quarter performance this year exceeded the securities firms' average figures compiled by financial information provider FnGuide, which were sales of 1.4709 trillion KRW and operating profit of 32 billion KRW.
This content was produced with the assistance of AI translation services.
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