LS Electric, 1Q Operating Profit 23.4 Billion KRW...42% Decrease YoY

[Asia Economy Reporter Minwoo Lee] LS ELECTRIC announced on the 29th that it posted provisional consolidated results for the first quarter of this year with sales of 589.4 billion KRW and an operating profit of 23.4 billion KRW. This represents a decrease of 7.3% and 42.3%, respectively, compared to the same period last year. Net profit for the period was recorded at 15.7 billion KRW, down 27.5% during the same period.