LG Energy Solution Reports Preliminary Q1 Consolidated Operating Profit of 258.9 Billion KRW, Down 24.1% YoY
Securities Market Estimates Exceed 95 Billion Won
[Asia Economy Reporter Moon Chaeseok] LG Energy Solution announced on the 7th that its consolidated sales for the first quarter of this year amounted to 4.3423 trillion KRW, an increase of 2.1% compared to the same period last year, while operating profit decreased by 24.1% to 258.9 billion KRW.
According to financial information firm FnGuide, the operating profit consensus for the first quarter (average forecast by securities firms) was 163.9 billion KRW, meaning LG Energy Solution recorded 95 billion KRW more in operating profit than expected.
LG Energy Solution stated that the provisional results are estimates based on the Korean International Financial Reporting Standards (IFRS) and are provided for the convenience of investors.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Introduces New "Special Performance Bonus" for Semiconductors, Paid Entirely in Company Shares
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- Producer Price Index Hits Highest Growth in 28 Years... Consumer Price Pressure Mounts
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
LG Energy Solution said, "The specific schedule for the official first-quarter earnings announcement will be disclosed later."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
