Samsung SDI Q3 Operating Profit 267.4 Billion KRW... 'Battery Business Booming' (Comprehensive)
[Asia Economy Reporter Changhwan Lee] Samsung SDI announced on the 27th that its operating profit for the third quarter of this year increased by 61.1% compared to the same period last year, reaching 267.4 billion KRW.
Third-quarter sales rose 20.2% year-on-year to 3.0082 trillion KRW.
The battery business showed strong performance. Sales in the battery business division recorded 2.3818 trillion KRW.
Automotive batteries achieved significant sales growth due to entering the seasonal peak period and strengthened electric vehicle support policies in Europe.
ESS supply expanded mainly for power projects in the Americas.
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Small batteries showed growth as demand for cylindrical batteries supplied to power tools and mobility recovered, and pouch battery supply increased following new smartphone launches by Samsung Electronics and others.
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