SEOUL (Reuters) – South Korea’s LG Energy Solution Ltd on Thursday posted a 136% jump in quarterly profit, helped by rising demand for electric vehicle (EV) batteries.
The company, which supplies General Motors Co, Tesla Inc, and others, reported an operating profit of 461 billion won ($362.68 million) for the April-June period, versus 196 billion won a year earlier.
That compared with an average analyst forecast of 641 billion won compiled by Refinitiv SmartEstimate.
($1 = 1,271.1000 won)
(Reporting by Heekyong Yang and Jihoon Lee; Editing by Shri Navaratnam)
