27
Jul
15:51
LG Energy Solution’s Q2 profit plunges 85.7% despite increased revenues
LG Energy Solution (LGES) said Wednesday its net profit declined 85.7% on-year in the second quarter of 2022, despite a 48% increase in revenues, Kallanish reports.
The South Korean battery manufacturer reported net profit of KRW 90 billion ($68.51 million) in Q2, compared with KRW 630 billion in the same period last year. Cfo Chang Sil Lee attributed the “moderate drop” to impacts from lockdown measures in China, global supply chain disruptions and th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous