LS, 25% Increase in Sales Last Year to 13.9 Trillion Won... 1,450 Won Cash Dividend per Share

by Gi Yeonjin

Published 14 Feb.2022 16:04(KST)

[Asia Economy Reporter Ji Yeon-jin] LS announced on the 14th that its consolidated sales for last year amounted to 13.0957 trillion KRW, an increase of 25.4%.

During this period, operating profit rose 44.1% to 604 billion KRW, and net profit increased 87.5% to 365 billion KRW.

The company explained, "Sales increased due to rising raw material prices and submarine cables," and added, "Profit growth was achieved through equity-method investments."

LS also announced on the same day a cash dividend of 1,450 KRW per common share.