LG Innotek Q3 Operating Profit 444.8 Billion KRW... 32.5% Increase

[Asia Economy Reporter Park Sun-mi] LG Innotek announced on the 26th that it recorded sales of 5.3874 trillion KRW and an operating profit of 444.8 billion KRW in the third quarter of this year. Compared to the same period last year, sales increased by 41.9% and operating profit by 32.5%. Compared to the previous quarter, sales and operating profit rose by 45.5% and 53.4%, respectively.

A company official stated, “The full-scale start of mass production of new models for clients led to an expansion in the supply of high-performance camera modules for smartphones, driving the performance,” adding, “Sales increased across all automotive electronic components, including 5G communication semiconductor substrates, vehicle communication modules, and power components for electric vehicles, supporting the growth in performance.”

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