Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = LG Energy Solution reported its estimated earnings for the second quarter of 2023.

Its estimated sales were 8773.5 billion won, and its operating profit was 611.6 billion won.

This was up 73.0% and 212.7% YOY. Compared to the previous quarter, its sales increased by 0.3% and decreased by 3.4% respectively.

Operating profit was 500.7 billion won after the tax credit of 110.9 billion won, according to the Advanced Manufacturing Production Credit United States’ Inflation Reduction Act, Section 45X, Advanced Manufacturing Production Credit.

LG Energy Solution is expecting their earnings conference call on 26 July.

By Hyun-jin Kim(kimhj30310@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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