LG Energy Solution Q2 Operating Profit 611.6 Billion KRW... Up 212.7% YoY
Sales increased by 73% during the same period
Tax credit benefits of 110.9 billion won
LG Energy Solution announced on the 7th that its preliminary figures for the second quarter of this year showed sales of 8.7735 trillion KRW and an operating profit of 611.6 billion KRW. These figures represent increases of 73% and 212.7%, respectively, compared to the previous year.
The amount of advanced manufacturing production tax credits related to the U.S. Inflation Reduction Act (IRA) is 110.9 billion KRW. Excluding this amount, the operating profit is 500.7 billion KRW.
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