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LG Chem profit beats consensus by 15.0% in Q1

LG Chem Ltd. said its first-quarter normalized net income was 6,381.69 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 5,547.00 won per share.

EPS increased 73.4% year over year from 3,679.68 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 439.96 billion won, a gain of 62.5% from 270.67 billion won in the prior-year period.

The normalized profit margin climbed to 6.8% from 5.6% in the year-earlier period.

Total revenue rose 33.1% year over year to 6.487 trillion won from 4.874 trillion won, and total operating expenses increased 28.8% year over year to 5.690 trillion won from 4.416 trillion won.

Reported net income grew 40.7% from the prior-year period to 478.18 billion won, or 6,936.00 won per share, from 339.76 billion won, or 4,619.00 won per share.

As of May 4, US$1 was equivalent to 1,134.84 South Korean won.