LG Innotek (CEO Ung-Beom Lee) posted 55.7 billion won in operating profit on 1.5955 trillion won in sales in the third quarter based on K-IFRS, continuing its surplus spree for seven consecutive quarters from the first quarter of last year.
Sales gained 30.8 percent, and operating profit jumped 110.7 percent year-on-year. Sales rose 4.9 percent, and operating profit increased 56.2 percent from the previous quarter.
An official at LG Innotek said, “Market-leading products in which we have secured world-best technology, including camera modules and touch windows, are spearheading our sales growth,” adding, “In terms of profitability, the Company continues the surplus trend through intensive efforts to boost cost competiveness in all business areas.”
In the fourth quarter, LG Innotek will proactively cope with increasing supply of new models by strategic customers, and continue to sustain the improving profitability trend through profit-focused management, including improvement of productivity.
Additionally, the Company plans to step up efforts to develop market-leading products converging and integrating core technology, and constantly make cultural innovation, including improvement of work process and creation of work-immersion environment.
LG Innotek”s Earnings in 3rd Quarter of 2013
(Unit: 100 million won)
LG Innotek”s Earnings in 3rd Quarter of 2013
| |
‘13.3Q |
‘12.3Q |
Ratio of gain/loss year on year |
‘13.2Q |
Ratio of gain/loss from previous quarter |
| Sales |
15,955 |
12,199 |
30.8% |
15,211 |
4.9% |
| Operating profit |
557 |
265 |
110.7% |
357 |
56.2% |
The above data was filed based on the International Financial Reporting Standards (K-IRFS).
Earnings by Business Sector
Optics solution business
