{"id":64184,"date":"2024-04-25T05:00:00","date_gmt":"2024-04-25T00:00:00","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=03abbe7266046f436cea6361f4dc8035"},"modified":"2024-04-25T05:00:00","modified_gmt":"2024-04-25T00:00:00","slug":"lead-lg-energy-solution-q1-net-plunges-62-pct-on-slowing-ev-sales","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/lead-lg-energy-solution-q1-net-plunges-62-pct-on-slowing-ev-sales\/","title":{"rendered":"(LEAD) LG Energy Solution Q1 net plunges 62 pct on slowing EV sales"},"content":{"rendered":"
\nLG Energy Solution Ltd., South Korea’s leading battery maker, said Thursday its first-quarter net profit plunged 62 percent from a year earlier due to slowing electric vehicle sales.<\/p>\n
Net profit for the three months ended in March plummeted to 212.1 billion won (US$154 million) from 562 billion won in the same period of last year, the company said in a statement.<\/p>\n
Operating profit also dropped 75 percent to 157.3 billion won in the first quarter from 633.2 billion won a year ago. Sales fell 30 percent to 6.12 trillion won from 8.74 trillion won.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
LG Energy Solution Ltd., South Korea’s leading battery maker, said Thursday its first-quarter net profit plunged 62 percent from a year earlier due to slowing electric vehicle sales.<\/p>\n
Net profit for the three months ended in March plummeted to 212.1 b…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n