LG Energy Solution Reports Q4 Operating Profit of 338.2 Billion KRW, Down 53.7% from Previous Quarter
LG Energy Solution's sales and operating profit in the fourth quarter of last year decreased compared to the previous quarter. Compared to the same period last year, sales decreased while operating profit increased.
LG Energy Solution announced on the 26th that it recorded sales of 8.0014 trillion KRW and an operating profit of 338.2 billion KRW in the fourth quarter of last year. Sales and operating profit fell by 2.7% and 53.7%, respectively, compared to the previous quarter. LG Energy Solution's sales and operating profit in the third quarter of 2023 were 8.2235 trillion KRW and 731.2 billion KRW, respectively.
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Comparing LG Energy Solution's fourth-quarter performance last year with the same period the previous year, sales decreased by 6.3% while operating profit increased by 42.5%. LG Energy Solution posted sales of 8.5375 trillion KRW and an operating profit of 237.4 billion KRW in the fourth quarter of 2022.
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