Business · Companies · 17 hrs ago
LIG Defense & Aerospace shares hit a 52-week low after earnings miss
South Korean defense and aerospace company LIG Defense & Aerospace shares hit a 52-week low on Nov.
9 after its latest results disappointed investors.
The company reported third-quarter operating profit of 67.6 billion won, down 24.6% from a year earlier.
That was also 27.6% below the market estimate of 93.4 billion won.
The company’s results were affected by delayed deliveries caused by parts supply problems and lower export margins as the won strengthened against the US dollar.
Several brokerages cut their share-price targets, and one analyst said weaker profitability could continue into next year.
The analyst also pointed to uncertainty over South Korean orders following sanctions by the Defense Acquisition Program Administration.
The company’s shares were down about 12% during early trading, while the sources give no further company action or timetable.
LIG Defense & Aerospace shares fell to a 52-week low on November 9 after the company reported weaker-than-expected third-quarter operating profit.
At 9:45 a.m., the shares were down 11.96% at 287,000 won.
They had earlier fallen as much as 12.12%, to 286,500 won.
Third-quarter operating profit was 67.6 billion won, 24.6% below the same period a year earlier and 27.6% below the market estimate.
The earnings shortfall was attributed to delays caused by external parts supply problems and lower export margins amid a weaker won against the US dollar.
- Who
- LIG Defense & Aerospace, also known as LIG D&A.
- What
- Its shares reached a 52-week low after third-quarter operating profit missed the market estimate.
- When
- November 9, 2026. The company announced its third-quarter results on November 6.
- Where
- South Korea.
- Why
- Operating profit was affected by delivery delays linked to external parts supply problems and lower export margins as the won weakened against the US dollar.
This story does not have two clearly opposing sides.
LIG D&A announced third-quarter consolidated operating profit of 67.6 billion won.
The shares fell to a 52-week low during early trading.
The shares were down 11.96% at 287,000 won.
- Third-quarter operating profit
- 67.6 billion won
- Year-on-year change
- Down 24.6%
- Market estimate
- 934 billion won?
1 source
What people are saying
Profitability is expected to remain weak through next year, and uncertainty over domestic orders has also increased due to sanctions by the Defense Acquisition Program Administration.