Business · Companies · 3 hrs ago
LG Energy Solution's third-quarter operating profit rises 25.7%
LG Energy Solution reported its third-quarter results on Nov.
3.
The South Korean company recorded operating profit of 756 billion won, up 25.7% from the same period a year earlier.
Sales rose 59% to 9.6434 trillion won year on year.
Despite the gains, the company posted a net loss of 296.9 billion won, switching from a profit to a loss.
The figures are preliminary and cover the company's consolidated results.
LG Energy Solution also estimated 4,169 billion won in US manufacturing tax credits for the quarter under the Inflation Reduction Act.
LG Energy Solution reported third-quarter operating profit of 756 billion won, up 25.7% from a year earlier.
Revenue rose 59% to 9.6434 trillion won.
The company posted a net loss of 296.9 billion won, returning to a loss.
The results were preliminary and based on consolidated accounts.
The company estimated its third-quarter US advanced manufacturing production tax credit at 416.9 billion won.
- Who
- LG Energy Solution.
- What
- It reported higher third-quarter operating profit and revenue, but a net loss of 296.9 billion won.
- When
- Third quarter of 2026; the results were disclosed on November 3, 2026.
- Where
- Not stated.
- Why
- Not stated.
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- Operating profit
- 756 billion won
- Operating profit growth
- 25.7% year on year
- Revenue
- 9.6434 trillion won
- Revenue growth
- 59% year on year
- Net loss
- 296.9 billion won
- Estimated AMPC tax credit
- 416.9 billion won