LG Energy Solution announced on October 8 that it recorded an estimated revenue of 9.6434 trillion won and an operating profit of 756 billion won for the third quarter of this year.
Compared to the same period last year, revenue increased by 59.0%, while operating profit rose by 25.7%. When compared to the previous quarter, revenue grew by 27.6%, and operating profit surged by 567.3%. The tax credit amount under the U.S. Inflation Reduction Act (IRA) for advanced manufacturing production tax credits (AMPC·45X) was 416.9 billion won. Excluding this, the operating profit was recorded at 339.1 billion won.
This preliminary result is based on estimates made in accordance with Korean International Financial Reporting Standards (K-IFRS).
* This article has been translated by AI.
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