LG Innotek Reports Operating Profit of 1.2642 Trillion KRW Last Year, Up 86%
[Asia Economy Reporter Park Sun-mi] LG Innotek announced on the 26th that it recorded sales of 5,723.1 billion KRW and an operating profit of 429.8 billion KRW in the fourth quarter of last year under the Korean International Financial Reporting Standards (K-IFRS). Compared to the same period last year, sales increased by 48.9% and operating profit by 25.6%.
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Last year's annual sales and operating profit were recorded at 14,945.6 billion KRW and 1,264.2 billion KRW, respectively. Sales increased by 56.6%, and operating profit grew by 85.6%.
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