[Featured Stock] LX Hausys Rises Over 11% Intraday on Strong Earnings
LX Hausys is rising more than 11% during the trading session.
On the 28th at 10:36 AM, the stock price was 39,950 KRW, up 11.28% compared to the previous trading day. The company's stock price surged to as high as 40,050 KRW during the session.
LX Hausys announced that its operating profit for the first quarter reached 16.1 billion KRW, an increase of 132% year-on-year. Sales decreased by 2.4% to 848.4 billion KRW.
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The increase in exports of engineered stone, flooring materials, and industrial films, as well as the turnaround to profitability in the automotive materials and parts business, were positive factors. Additionally, the decline in raw material prices such as PVC and MMA was also favorable.
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