LS Eco Energy Achieves Record-High Q3 with Increases in Both Operating Profit and Revenue

LS Eco Energy announced on October 28 that its consolidated operating profit for the third quarter of this year reached 14.8 billion won, marking a 17.7% increase compared to the same period last year.

LS Eco Energy Vietnam Manufacturing Corporation exterior view. LS Eco Energy

원본보기 아이콘

Revenue grew by 4.2% to 232.8 billion won, while net profit also increased by 34.1% to 11.2 billion won. Cumulative operating profit and net profit for the first three quarters were 53.7 billion won and 42.1 billion won, respectively, surpassing last year’s annual figures of 44.8 billion won and 35.3 billion won.

This represents the company’s highest performance ever. LS Eco Energy attributed these results to the expansion of ultra-high voltage power cable exports to Europe and increased sales of underground residential distribution (URD) cables to the United States. The company also assessed that the expansion of global power infrastructure investment, the surge in AI data centers, and the acceleration of renewable energy transition have driven exports of its major product lines. In particular, despite the imposition of import tariffs by the United States, proactive customer engagement and strategic price adjustments helped minimize the impact on exports to the U.S., contributing to the strong performance.

Lee Sangho, CEO of LS Eco Energy, stated, “Exports of high value-added products continue to grow steadily overseas, and the domestic market is also expanding rapidly in line with the Vietnamese government’s power grid expansion policy. We expect this positive performance trend to continue into the upcoming fourth quarter.”

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.