LG Energy Solution Reports Sharp Decline in Q2 Operating Profit

SEOUL - LG Energy Solution Ltd. has reported a significant 57.6% drop in its second-quarter operating profit, which fell to 195.3 billion won (US$141.6 million), while its revenue decreased by 29.8% to 6.16 trillion won.

According to Yonhap News Agency, the financial data firm of Yonhap News Agency, the operating profit was also 16.4% below the average market estimate. The specific data for net earnings was not disclosed. LG Energy Solution indicated that it would release its final earnings report at a later date, which is anticipated to provide further insights into the company’s financial performance and potential strategies moving forward.

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