L&F Reports 26.5 Billion Won Operating Loss… "NCM Shipments Expected to Reach All-Time High This Year" (Roundup)
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Kim Min-ji = L&F [066970] reported a consolidated operating loss of 26.5 billion won in the third quarter of this year, compared to the same period last year (operating profit of 22.1 billion won)...
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While L&F's sales in the third quarter of this year increased by 34% compared to the same period last year, its operating profit turned into a loss. Although its flagship ultra-high-nickel cathode materials supported sales, this is attributed to the impact on profitability caused by falling won-dollar exchange rates and the prices of key raw materials. L&F disclosed on the 5th that its sales for the third quarter of this year were provisionally …
[Digital Daily Reporter Ko Seong-hyeon] L&F announced on the 5th that it recorded consolidated sales of 874.4 billion won and an operating loss of 26.5 billion won in the third quarter of this year. Sales increased by 34.0% compared to the same period last year, but decreased by 1.2% compared to the previous quarter. Operating profit turned into a deficit from a surplus of 22.1 billion won in the third quarter of last year. The company had also…
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