[Concall] SK Inno "IRA Tax Credit Reflected in Q2"
Q1 Earnings Conference Call
On the 4th, SK Innovation stated during its Q1 earnings conference call that "the detailed regulations related to the battery AMPC (Advanced Manufacturing Production Tax Credit) under the recently announced U.S. Inflation Reduction Act (IRA) have not yet been released, so they were not reflected in the Q1 results." They added, "Once the detailed regulations are finalized, we plan to consult with accounting firms in Q2 to incorporate them." They further noted, "If AMPC is reflected in Q2, the tax credits for Q1 will also be applied retroactively."
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