LG Energy Solution was in the black in third quarter
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Published: 07 Oct. 2022, 17:44

LG Energy Solution was in the black in third quarter

LG Energy Solution logo at the company's headquarters at Yeouido, western Seoul [NEWS1]

LG Energy Solution logo at the company's headquarters at Yeouido, western Seoul [NEWS1]

LG Energy Solution estimated its third-quarter operating profit at 521.9 billion won ($369.5 million), turning from a loss of 372.8 billion won a year earlier.
 
The figure exceeds a market consensus of 406 billion won as reported by market tracker FnGuide.
 
Sales jumped 89.9 percent to 7.64 trillion won, according to a preliminary earnings announcement on Friday. It also beat the consensus of 6.27 trillion won.  
 
Neither net profit nor segmentation were provided.
 
The company will release its final earnings report later.

BY YONHAP, SARAH CHEA [chea.sarah@joongang.co.kr]
tags korea lg lg energy solution battery

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