[Breaking] LG Chem Posts 2Q Operating Profit of 2.2308 Trillion Won... Reflects 1 Trillion Won ITC Settlement Fee
[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution announced on the 29th that its consolidated operating profit for the second quarter of this year reached 2.2308 trillion KRW, a 290.2% increase compared to the same period last year. During the same period, sales increased by 65.2% to 11.4561 trillion KRW, and net profit soared 289.5% to 1.6322 trillion KRW, according to preliminary estimates.
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An LG Chem official explained, "Despite reflecting a recall amount of 400 billion KRW as a provision, operating profit exceeded 2 trillion KRW due to the settlement payment from the ITC lawsuit with SK Innovation being recorded as operating profit."
This content was produced with the assistance of AI translation services.
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