LS ELECTRIC provisionally recorded a consolidated operating profit of KRW 233.543 billion for the third quarter of this year, up 131.71% from the same period last year.

According to a regulatory filing on the 21st, LS ELECTRIC's Q3 consolidated revenue came to KRW 1.877789 trillion, up 54.39% year-on-year and 19.07% from the previous quarter's KRW 1.576998 trillion.

Operating profit rose 30.82% from the previous quarter's KRW 178.52 billion, while the operating profit for the same period last year was KRW 100.791 billion. Profit from continuing operations before corporate tax expenses was KRW 194.329 billion, up 112.28% year-on-year and 23.72% from the previous quarter.

Third-quarter net income was KRW 142.828 billion, up 116.76% year-on-year and 23.30% from the previous quarter. Net income attributable to owners of the parent company was KRW 141.244 billion, up 112.65% year-on-year and 19.14% from the previous quarter.

On a cumulative basis for the first three quarters of this year, revenue totaled KRW 4.831339 trillion, up 40.39% year-on-year. Cumulative operating profit rose 81.54% to KRW 538.63 billion.

Cumulative profit from continuing operations before corporate tax expenses increased 80.92% to KRW 505.046 billion, while cumulative net income rose 88.35% to KRW 377.646 billion. Cumulative net income attributable to owners of the parent company grew 87.02% year-on-year to KRW 380.306 billion.

The company stated that these results are provisional consolidated figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). It also explained that net income includes net income attributable to non-controlling interests, and that as the figures were released before the completion of the external auditor's audit, they may differ from the finalized results.