July 25, 2024

(2nd LD) LG Energy Solution swings to Q2 loss on EV slowdown

LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Thursday it shifted to a net loss in the second quarter due to slowing sales of electric vehicles (EVs).

In the three months ended in June, LGES swung to a net loss of 23.7 bil…

(LEAD) LG Electronics posts record operating profit, sales for Q2

LG Electronics Inc. said Thursday its sales and operating profit hit the largest for any second-quarter results on stable performance of its home appliance and electric vehicle components businesses.

Its operating profit for the April-June period jum…

LG Chem Q2 net income down 91.1 pct to 59.8 bln won

LG Chem Ltd. on Thursday reported its second-quarter net income of 59.8 billion won (US$43.1 million), down 91.1 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period fell 34.3 percent on…

(LEAD) LG Display’s operating loss narrows in Q2 on OLED sales

LG Display Co. said Thursday its second-quarter operating loss narrowed due mainly to increased production of premium organic light-emitting diode (OLED) displays for iPhones and iPads.

Its operating loss reached 93.7 billion won (US$67.7 million) fo…