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Sales report

LG Chem’s batteries aid record sales

Mon, 02/11/2019 - 00:00 -- John Shepherd

South Korean battery giant LG Chem said the company achieved record battery sales in the fourth quarter of 2018.

Battery sales for the period exceeded KRW2 trillion (US$1.8 billion), helping push overall sales for the whole of 2018 to a total of KRW28.18tn— the highest since the company was created.

LG Chem said while overall sales grew 9.7% year-on-year in 2018, operating profit fell 23.3% year-on-year to KRW2.24tn.

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