LS Eco Energy Posts Record Third-Quarter Results, Surpassing Last Year's Full-Year Performance
TECHWORLD ·
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LS Eco Energy announced preliminary third-quarter results on a consolidated basis on the 20th.
Third-quarter sales came to KRW 351.5 billion, operating profit KRW 22.2 billion, and net profit KRW 14 billion.
Cumulative sales for the first nine months reached KRW 987.3 billion, and cumulative operating profit KRW 67.5 billion, surpassing last year's full-year results in nine months.
LS Eco Energy posted its best-ever third-quarter results, putting a third straight year of record performance within reach. On the 20th, LS Eco Energy announced preliminary third-quarter results on a consolidated basis.
Sales for the third quarter came to KRW 351.5 billion, operating profit KRW 22.2 billion, and net profit KRW 14 billion. Revenue rose 51.0% from a year earlier, and operating profit increased 50.2%. As a result, both sales and operating profit for the third quarter hit all-time highs.
Cumulative sales for the first nine months reached KRW 987.3 billion, while cumulative operating profit for the first nine months came to KRW 67.5 billion. That surpassed last year's full-year sales of KRW 960.1 billion and operating profit of KRW 66.8 billion in just nine months.
The company said performance was driven by expanding exports of power cables and Busduct to Europe and North America. It added that rising investment in global power grids, increased AI data centers (AIDC), and growing demand for power infrastructure tied to the energy transition also contributed to results.
Busduct demand is surging as investment by global big tech in hyperscale data centers and skyscraper construction expands, centered on Malaysia and Indonesia. In connection with this, the company stressed that Busduct sales rose two to three times from a year earlier.
LS Eco Energy plans to make new investment in Busduct for AIDC in line with this trend. To that end, it will build large-capacity Busduct production facilities at LSCV in Ho Chi Minh, Vietnam, and begin mass production in the second half of 2027. The goal is to expand orders from global big tech and improve profitability.
LS Eco Energy is also cultivating its rare-earth metals business as a new growth engine. Last month, it began building a facility to produce samarium metal for defense applications at LSCV, and it plans to start mass production of samarium metal for defense use within this year.
CEO Lee Sang-ho of LS Eco Energy said he expects sales and operating profit growth to continue as exports to Europe and North America expand and new businesses in AIDC and rare-earth metals are added.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408442
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Source: TECHWORLD
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