LG Energy Solution announced its preliminary earnings results for the first quarter of 2022. LG Energy Solution will reveal its final financial results later.
LG Energy Solution reported revenues of KRW 4.34 trillion, a decrease of 2.2 percent compared to the previous quarter.
LG Energy Solution’s first quarter operating profit of KRW 258.9 billion is expected to be 242 percent higher on quarter.
LG Energy Solution’s revenue will be 2.1 percent higher, while its operating profit is likely to be 24.1 percent lower, compared to the same period last year.