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S. Korean tech giants LG Electronics, Samsung SDI, SK Innovation post strong Q2 sales Updated: 2022-07-29 17:12:28 KST

South Korea's tech giants showed solid performances in the second quarter of this year.
LG Electronics posted its highest-ever Q2 sales, while Samsung SDI and SK Innovation saw their best sales for any quarter.
Shin Ha-young reports.

South Korea's tech companies posted strong performances in the second quarter.
LG Electronics on Friday posted its highest ever Q-2 sales at around 19.5 trillion Korean won, or 15 billion U.S. dollars, up about 15 percent from the same quarter last year.
That came in a little higher than market expectations thanks to LG's growing auto parts business and home appliances.
Operating profit, however, dropped 12 percent on year to 7-hundred-92 billion Korean won, or about 6-hundred-9 million U.S. dollars, which was slightly below expectations.
A company official says this was caused by the rising cost of logistics and raw materials.
Despite the fall, both sales and operating profit rose to all-time highs for the first half of the year.

Meanwhile, at electric vehicle battery maker Samsung SDI, all-time high sales and operating profits.
Sales in Q2 amounted to 4.7 trillion Korean won, or about 3.6 billion U.S. dollars, up about 42 percent on-year.
Operating profit jumped more than 45 percent to 4-hundred-29 billion Korean won, or about 3-hundred-30 million U.S. dollars.
The rise was mainly on growth in its batteries and materials businesses.

Battery maker SK Innovation saw a significant improvement, with sales amounting to almost 20 trillion Korean won, or some 15.3 billion dollars an on-year increase of 77 percent.
Its operating profit jumped over 3-hundred percent to 2.3 trillion won or 1.8 billion dollars.
The company's overall revenue was its highest for any quarter so far thanks to the solid sales of petroleum products and batteries for electric vehicles.
Shin Ha-young, Arirang News.
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