Alphabiz - L&F turned to deficit last year with operating loss of 222.3 billion won

[Alpha Biz=(Chicago) Reporter Kim Jisun] L&F, a manufacturer of cathode materials, one of the key materials for electric vehicle batteries, recorded an operating loss last year and turned into a deficit.

On the 29th, L&F announced that it recorded an operating loss of 222.3 billion won. Profitability worsened sharply from KRW 266.3 billion a year earlier. On the other hand, sales rose 19.5 percent year-on-year to 4.6441 trillion won over the same period.

L&F is a manufacturer of secondary battery cathode materials established in July 2000. L & F, which ranks fourth in the KOSDAQ market capitalization, is scheduled to be listed on the KOSPI market from the 29th.

The Korea Exchange said earlier on the 16th that it meets the listing requirements and has confirmed that it is eligible for listing as a result of a preliminary review of L&F's stock listing.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)