LG Energy Solution flags 77% fall in Q2 operating profit on continued weak EV demand
Electric power transmission pylon miniatures and LG Energy Solution logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration
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SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales.
That compared with an LSEG SmartEstimate forecast of a 249 billion won profit, which is weighted toward analysts who are more consistently accurate.
($1 = 1,528.9000 won)
Source: Reuters
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