LG Innotek Reports 21.2 Trillion KRW in Sales Last Year... Operating Profit Decreases by 15%

LG Innotek announced on the 17th that its consolidated sales for last year amounted to 21.2008 trillion KRW, an increase of 2.9% compared to the same period the previous year. Operating profit for the same period was 706 billion KRW, down 15.0%, and net profit was 449.3 billion KRW, down 20.5%.

The company explained, "Sales grew compared to the previous year due to the expansion of high value-added product supply," adding, "However, profits decreased compared to the previous year due to delayed recovery in demand from upstream industries and intensified competition."

However, this data was prepared before the completion of the external auditor's accounting audit and may be subject to change during the audit process.

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