Operating and Net Profit Margins Reach All-Time Highs
Surge in Demand for AI, Renewable Energy, and Infrastructure
Global Performance Growth Continues
LS Eco Energy announced on July 24 that it achieved sales of 478.6 billion KRW, operating profit of 38.9 billion KRW, and net profit of 30.9 billion KRW in the first half of this year.
Compared to the same period last year, sales increased by 16%, operating profit by 59%, and net profit by 48%, demonstrating a clear growth trend. This also marks the highest first-half performance in the company's history.
In particular, both operating profit and net profit are close to last year's annual results, setting a new record for the first half. The operating margin (8.1%) and net margin (6.5%) also reached all-time highs for a half-year period, indicating significant improvement in profitability.
The increase in performance is attributed to higher exports of extra-high voltage power cables to Europe, increased exports of distribution (URD) and communication (UTP) cables to the United States, and the expansion of renewable energy businesses such as solar power in the Philippines. Additionally, the expansion of global infrastructure investment, the surge in AI data centers, and the acceleration of the transition to renewable energy also drove exports of major product lines. Notably, despite the imposition of import tariffs by the United States, the company minimized the impact on exports to the US through proactive customer engagement and strategic price adjustments, which contributed to stable performance.
Lee Sangho, CEO of LS Eco Energy, stated, "We will continue to flexibly respond to global protectionism and supply chain restructuring, while expanding our profit base centered on high value-added power and communication cables. In addition, we will strengthen our mid- to long-term growth engines, such as submarine cables and rare earth businesses, in cooperation with the Vietnamese government."
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