trending Market Intelligence /marketintelligence/en/news-insights/trending/0-BqcV_gX-zYA40iF73_pA2 content esgSubNav
In This List

LG Chem profit misses consensus by 41.3% in Q3

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15


LG Chem profit misses consensus by 41.3% in Q3

LG Chem Ltd. said its third-quarter normalized net income amounted to 3,613.50 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 6,159.86 won per share.

EPS fell 9.0% year over year from 3,971.99 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 238.17 billion won, a decline of 18.5% from 292.16 billion won in the prior-year period.

The normalized profit margin fell to 4.7% from 5.6% in the year-earlier period.

Total revenue declined on an annual basis to 5.054 trillion won from 5.178 trillion won, and total operating expenses came to 4.594 trillion won, compared with 4.631 trillion won in the prior-year period.

Reported net income decreased 24.4% on an annual basis to 264.87 billion won, or 4,018.58 won per share, from 350.41 billion won, or 4,764.00 won per share.

As of Oct. 31, US$1 was equivalent to 1,145.62 South Korean won.