Comprehensive trading company LX International announced on the 30th that it recorded first-quarter sales of 4.48 trillion won and operating profit of 116.9 billion won. These figures represent increases of 7.2% and 5.6%, respectively, compared to the same period last year. Compared to the previous quarter, sales decreased by 4.2%, while operating profit increased by 24.1%.
During the same period, net profit was 110.4 billion won, an increase of 12.7% compared to the same period last year. An LX International official noted, "This is due to increased nickel mine production, the rise in crude palm oil prices, and increased logistics traffic."
LX International is working to secure promising mineral assets for the future, such as secondary battery minerals, based on the profit-generating capacity of its existing businesses, including coal, palm, and trading. The company is pursuing additional nickel asset acquisitions, including the nickel mine of Indonesia's Adhi Kartiko Pratama, which was acquired for 133 billion won in January last year, and is actively considering investments in copper assets.