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[Breaking] LX International Posts Q3 Operating Profit of 143.1 Billion Won, Up 120.8% Year-on-Year (Provisional)

LX International's consolidated operating profit for the third quarter of this year was provisionally tallied at 143.1 billion won, up 120.8% from a year earlier. According to the provisional consolidated financial statements filed by LX International on the 4th, third-quarter revenue came to 5.187

Oseong Kwon
Staff Reporter
4 min read
[Breaking] LX International Posts Q3 Operating Profit of 143.1 Billion Won, Up 120.8% Year-on-Year (Provisional)
CBC News

LX International's consolidated operating profit for the third quarter of this year was provisionally tallied at 143.1 billion won, up 120.8% from a year earlier.

According to the provisional consolidated financial statements filed by LX International on the 4th, third-quarter revenue came to 5.1872 trillion won, up 15.1% from 4.5077 trillion won in the same period last year and up 8.6% from the previous quarter's 4.7763 trillion won.

Operating profit stood at 143.1 billion won, up 120.8% from 64.8 billion won a year earlier and up 21.5% from the previous quarter's 117.8 billion won. Profit from continuing operations before income tax expense amounted to 152.6 billion won, up 152.6% from 60.4 billion won in the year-ago period and up 30.8% from the previous quarter's 116.7 billion won.

Third-quarter net income was 104.3 billion won, up 121.0% from 47.2 billion won a year earlier and up 32.4% from the previous quarter's 78.8 billion won. Net income attributable to owners of the parent company was 76.6 billion won, up 79.8% year-on-year and up 12.3% quarter-on-quarter.

Cumulative revenue for the first three quarters of this year totaled 14.1749 trillion won, up 14.4% from 12.3862 trillion won in the same period last year. Cumulative operating profit rose 56.2% year-on-year to 369.8 billion won from 236.7 billion won. Cumulative profit from continuing operations before income tax expense for the same period increased 61.6% year-on-year to 391.8 billion won. Cumulative net income grew 19.9% to 256.5 billion won, while cumulative net income attributable to owners of the parent company rose 6.1% to 207.1 billion won.

The figures are provisional consolidated results prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). The company noted that the data has not yet undergone review by an external auditor and may be subject to change during the review process.

[※ This article is for reference in making investment decisions, and the final responsibility for investments lies with the investor.]

Oseong Kwon
Staff Reporter

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