LS Electric’s operating profit in 2023 is KRW 324.9 billion, up 73.3% from the previous year.

2024-01-30 06:28:29
[비즈니스포스트] LS Electric’s operating profit in 2023 jumped 73.3% from the previous year.

LS Electric announced on the 30th that it was provisionally estimated that it had sales of 4.2305 trillion won and operating profit of 324.9 billion won on a consolidated basis last year.

▲ LS Electric announced on the 30th that it was provisionally estimated that it had sales of 4.2305 trillion won and operating profit of 324.9 billion won on a consolidated basis last year.

Compared to the previous year, sales increased by 25.3% and operating profit increased by 73.3%.

Looking at the fourth quarter of last year alone, sales were KRW 1.0304 trillion and operating profit was KRW 68.1 billion. Compared to the fourth quarter of the previous year, sales increased by 10.8% and operating profit increased by 160.7%.

Regarding the provisional results, the company explained, “These are consolidated operating results prepared in compliance with the Korean International Financial Reporting Standards (K-IFRS), and the figures may change in the future as this is data before the completion of an accounting audit by an external auditor.” Reporter Ryu Geun-young

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