Yonhap Infomax NewsOct 30
LG Energy Solution reported a 34% year-on-year jump in Q3 operating profit to 601 billion won, beating market expectations despite a 17% drop in revenue, as cost controls and U.S. tax credits offset weaker EV battery demand.
#YonhapInfomax #LGEnergySolution #OperatingProfit #Q3Earnings #InflationReductionAct #ESSProduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88177
LG Energy Solution Posts Q3 Operating Profit of 601 Billion Won, Up 34% Year-on-Year (Update)

LG Energy Solution reported a 34% year-on-year jump in Q3 operating profit to 601 billion won, beating market expectations despite a 17% drop in revenue, driven by U.S. tax credits and increased ESS production.

Yonhap Infomax