April 27, 2024

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[THE INVESTOR] LG Chem said on Oct. 26 that its third-quarter earnings surged 83 percent from a year earlier.

Net profit reached 546 billion won (US$485 million) in the July-September period, compared with a profit of 297 billion won a year earlier, it said in a regulatory filing.

Operating income also rose 72 percent on-year to reach a record 789 billion won, and sales also rose 26 percent to 6.39 trillion won over the cited period, the company said.

Its basic materials-related business unit logged a record operating income of 755 billion won in the third quarter on sales of 4.32 trillion won.

The company’s battery unit logged an operating income of 18 billion won on sales of 1.18 trillion won.

LG Chem said its biotech business unit racked up an operating income of 13 billion won on sales of 139 billion won.

By Alex Lee and newswires (alexlee @heraldcorp.com)