LG Chem to Announce First Preliminary Earnings on the 12th
[Asia Economy Reporter Park So-yeon] LG Chem will announce its preliminary earnings for the third quarter of this year on the 12th. This is the first time LG Chem has disclosed quarterly preliminary earnings.
LG Chem announced on the 11th that it will release its preliminary third-quarter earnings on the morning of the 12th. The final results will be announced on the 21st.
Currently, Samsung Electronics and LG Electronics are implementing preliminary earnings announcements to provide investors with earnings forecasts in advance, helping them assess corporate value.
Industry insiders view LG Chem's decision to announce preliminary earnings, despite not having done so before, as a move to appease shareholders ahead of the battery business spin-off.
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The company stated, "As market interest in our company increases, we are disclosing preliminary earnings to enable shareholders and investors to make judgments about earnings forecasts and corporate value."
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