U.S., Oct. 22 -- The South Korea-based organisation anticipates a further increase in its battery sales and profit during the fourth quarter after posting record quarterly earnings due to the surging demand for electric vehicle (EV) batteries.
In a press release, Dong Seok Cha, CFO at LG Chem, commented: "It's the result of our effort focusing on core tasks such as improving efficiency, stable cash flow management and continuing investments for the future from the beginning of the year despite COVID-19."
"Performance improvement such as growth in sales and an expansion in profits in the future will continue."
Sales increased by 8.2% and operating profits rose by 57.8% in comparison to the previous quarter. Compared with the same quarter ...