LG Energy Solution Posts 756 Billion Won Q3 Operating Profit
Revenue rose 59% year on year to 9.6434 trillion won, and the battery maker logged a second straight profitable quarter.
LG Energy Solution reported preliminary third-quarter consolidated operating profit of 756 billion won, up 25.7% year on year, according to inews24.com. The figure marks the battery maker's second consecutive quarter of profit.
Third-quarter revenue came in at 9.6434 trillion won, a 59% increase from the same period a year earlier.
Investors responded in early trading, with LG Energy Solution shares rising 5.12%, or 20,000 won, to 411,000 won.
The company will announce its finalized third-quarter results next month, on the 3rd.
Earlier order momentum
In the first half of the year, LG Energy Solution secured about 30GWh of its 90GWh new order target, according to Shinhan Investment Securities researcher Lee Jin-myung.
Quick answers
What was LG Energy Solution's third-quarter operating profit?
Preliminary consolidated operating profit was 756 billion won, up 25.7% year on year.
When will LG Energy Solution release its final third-quarter results?
The company will announce finalized results next month, on the 3rd.
How did LG Energy Solution shares move?
The stock rose 5.12%, or 20,000 won, to 411,000 won in early trading.