LG Energy Solution said on the 7th that, based on preliminary figures, first-quarter sales rose 2.5% from a year earlier to 6.555 trillion won, while it swung to an operating loss of 207.8 billion won.

Profit from the U.S. IRA advanced manufacturing production tax credit (AMPC) and related items came to 189.8 billion won. Excluding this amount, sales were 6.3652 trillion won and the operating loss was 397.5 billion won.

A view of the LG Energy Solution Michigan Holland plant/Courtesy of LG Energy Solution

※ This article has been translated by AI. Share your feedback here.