02
Nov
17:40
Samsung SDI net profit rises 11% in Q3
Samsung SDI posted an 11% increase in net profit during third quarter driven by the growth of electric vehicle (EV) battery sales in Europe, Kallanish reports.
According to its Q3 earnings report published last week, the company recorded a net profit of 240.7 billion Korean won ($212.3 million), up 10.7% on Q3 2019. Net profit jumped 404.6% quarter-on-quarter, from 47.7 billion Korean won.
Revenues from the company’s Lithium-Ion Battery division rose to 2,3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous