LG Innotek Shares Plunge as Q3 Net Attributable Income Declines 19%

MT Newswires Live

2024/10/24

Shares of LG Innotek (KRX:011070) plunged nearly 12% at market close on Thursday after the company posted third-quarter net income attributable to shareholders of 104.99 billion won, down 18.7% from 129.1 billion won a year earlier.

The electronic component manufacturer's sales rose 19.3% year over year to 5.685 trillion won from 4.763 trillion won, according to a Wednesday filing with Korea's electronic disclosure system, or DART.

Visible Alpha estimated Q3 sales of 5.330 trillion won.

Price (KRW): ₩176000.00, Change: ₩-24000, Percent Change: -11.87%

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