Operating Profit Quadruples Year-on-Year... Sales Also Jump 70%
[Asia Economy Reporter Yu Je-hoon] LX International announced on the 30th that it recorded consolidated sales of 3.956 trillion KRW and an operating profit of 125.8 billion KRW in the second quarter. These figures represent increases of 71.5% and 315.2%, respectively, compared to the same period last year.
The strong second-quarter performance of LX International was driven by improvements across all business sectors, including Energy & Palm, Life Resources & Solutions, and Logistics. The rise in resource market prices and increased production volume, growth in IT trading volume, strong external logistics business centered on shipping and rail, and expansion of new land and warehouse logistics (W&D) businesses contributed to both revenue growth and profit improvement.
An LX International official stated, "We are maximizing the value and profitability of our existing assets with competitiveness in energy, life resources, and solutions, while simultaneously driving business portfolio innovation focused on eco-friendly industries from an ESG perspective." The official added, "We will rapidly and actively challenge promising future sectors such as the development of key secondary battery minerals like nickel, renewable energy, carbon credits, resource circulation, healthcare, and digital content to establish a sustainable and independent operational business model."
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