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27 Jan
10:11

LGES 2022 operating profit increases 57.9% y-o-y, net profit down 16.1% y-o-y

South Korean battery giant LG Energy Solution reports its 2022 net profit was KRW 779.8 billion ($631.36 million), an on-year decline of about 16.1%; its operating profit was KRW 1.21 trillion, an on-year increase of about 57.9%, Kallanish learns.  During 2022, the company achieved record-high annual consolidated revenue of KRW 25.6 trillion, an on-year increase of about 43.4%. Its annual operating profit also created a record high, despit…
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