LG Energy Solution announced that its provisional consolidated operating profit for the second quarter of this year was 492.2 billion won. This figure represents a 152% increase compared to the same period last year, exceeding market expectations.
LG Energy Solution disclosed on the 7th that its provisional sales for the second quarter of this year amounted to 5.5654 trillion won, with an operating profit of 492.2 billion won. Compared to the same period last year, sales decreased by 9.7%, while operating profit increased by 152.0%. Compared to the previous quarter, sales decreased by 11.2% and operating profit increased by 31.4%.
The tax credit under the Advanced Manufacturing Production Credit (AMPC) provision of the U.S. Inflation Reduction Act (IRA) amounted to 490.8 billion won. Excluding this amount, operating profit was 1.4 billion won.
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