Seoul: LG Energy Solution Ltd. on Friday estimated its fourth-quarter operating loss at 122 billion won (US$83.8 million), remaining in the red compared with a year ago. Sales decreased 4.8 percent to 6.14 trillion won. The data for net income was not available.
According to Yonhap News Agency, the operating loss was 8.5 percent lower than the average estimate, as per a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency. The company has announced that it will release its final earnings report later.