LG Innotek said Monday its first-quarter operating profit was provisionally tallied at 295.3 billion won, up 136% from a year earlier.
Revenue rose 11.1% to 5.5348 trillion won, the company’s highest first-quarter figure on record.
The company said demand for mobile camera modules remained solid despite the seasonal off-peak period, while shipments of high value-added semiconductor substrates such as FC-BGA continued to be strong.
It added that mobility components, including automotive camera and lighting modules, also posted steady growth and helped lift sales.
By business line, the optical solutions unit posted revenue of 4.6106 trillion won, up 11.4% from a year earlier and a first-quarter record, as demand for mobile camera modules increased and automotive camera sales improved quickly.
The package solutions unit recorded 437.1 billion won in revenue, up 16%. The company cited strong supply of high value-added communications substrates such as RF-SiP and continued expansion of FC-CSP supply into new applications, including high-performance memory.
The mobility solutions unit posted revenue of 487.1 billion won, up 4.2%. The division had an order backlog of 19.2 trillion won as of the end of last year and plans to actively expand new orders this year, led by autonomous driving solutions.
LG Innotek said it plans to strengthen its portfolio of high-profit businesses, focusing on expanding the package solutions business, which it described as having strong profitability and growth potential. The company said it aims to raise the package solutions unit’s contribution to operating profit to the level of the optical solutions business within five years.
CEO Moon Hyuk-soo said in March that the mobility solutions business would continue to grow as revenue from automotive AP modules begins to materialize in earnest from the fourth quarter.
* This article has been translated by AI.
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