LG CHEM announced on the 20th that its 2024 performance was provisionally recorded at revenues of 48.9161 trillion won and an operating profit of 916.8 billion won. This represents a decrease of 11.46% in revenues and 63.75% in operating profit compared to the previous year.
LG CHEM noted that this was due to a decline in sales and profitability of its subsidiary LG Energy Solution resulting from weak demand for electric vehicles.
LG Energy Solution's revenues for the last year were provisionally recorded at 25.6196 trillion won and an operating profit of 575.4 billion won, reflecting a decrease of 24.1% in revenues and 73.4% in operating profit compared to the previous year.
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