LS Q4 net profit up 88% to $178.2 mil.
LS CEO Koo Ja-eun speaks to the company's new recuits, in Anseong, Gyeonggi Province, Jan. 19. Courtesy of LS
LS on Wednesday reported its fourth-quarter net profit of 238.2 billion won ($178.2 million), up 88 percent from a year earlier.
The company said in a regulatory filing that it posted 153.7 billion won in operating profit for the quarter, compared with 128.4 billion won a year ago. Sales rose 0.9 percent to 5.85 trillion won.
The operating profit was 26.5 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available. (Yonhap)