Reported about 11 hours ago
LG Energy Solution (LGES) reported a remarkable 138% increase in its Q1 profit, reaching 375 billion won ($261.96 million), thanks to favorable foreign exchange rates that softened the impact of declining electric vehicle sales growth in key markets. The company's revenue also grew by 2.2% to 6.3 trillion won, supported by strong EV sales from customers like General Motors. However, LGES's share price fell by 2.1% following the earnings announcement.
Source: YAHOO