The secondary battery material corporation L&F reported results that fell below market expectations, resulting in reduced stock price increases in the after-market (After-Market; 3:40 p.m. to 8 p.m.) on the 30th compared to the regular trading session.
On the same day at 4:55 p.m., L&F stock traded at 70,000 won on the KOSPI market. This was a 6.22% (4,100 won) increase from the previous day's regular trading session close (65,900 won), but 2.8% (2,000 won) lower compared to that day's regular trading session close (72,000 won).
After the regular trading session, L&F released its preliminary results for the second quarter of this year (April to June), reporting consolidated sales of 520.1 billion won and an operating loss of 12.1 billion won. Sales were 7% below market expectations, and the scale of the deficit was nearly double.
Recently, L&F's stock price showed a sharp increase as it crossed the financial authorities' threshold for a 300 billion won convertible bond (BW). This allowed the company to secure funds for its lithium iron phosphate (LFP) business and other initiatives. Since the beginning of this month, L&F's stock price has increased by more than 46% based on the regular trading session closing price, ranking eighth among listed stocks on the KOSPI market.