India, July 24 -- LG Energy Solution, Ltd. (373220.KS) reported that its second quarter net income was 90.60 billion South Korean won compared to a loss of 23.70 billion won last year.
Quarterly operating profit was 492.20 billion won up from 195.30 billion Won last year. The operating profit included North American production incentive, which is estimated at 490.8 billion won.
Quarterly sales were 5.565 trillion won down from 6.162 trillion Won in the prior year.
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LG Energy Solution plans to enhance its mid- to low-end product portfolio with EV/ESS LFP batteries and EV LMR (lithium manganese-rich) batteries, while also advancing product competitiveness-...