LG Energy Solution flags 58 pct plunge in Q2 operating profit

LG Energy Solution Ltd. on Monday estimated its second-quarter operating profit at 195.3 billion won (US$141.6 million), down 57.6 percent from a year earlier. Revenue decreased 29.8 percent to 6.16 trillion won. The data for net earnings was not available. The operating profit was 16.4 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The company will release its final earnings report later. Source: Yonhap News Agency