LG Energy Solution Q3 net profit up 33.5 pct to 561.3 bln won

LG Energy Solution Ltd. on Monday reported its third-quarter net profit of 561.3 billion won (US$404.2 million), up 33.5 percent from a year earlier. The company said in a regulatory filing that operating profit for the July-September period fell 38.7 percent on-year to 448.3 billion won. Sales decreased 16.4 percent to 6.87 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 158.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency