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[Alpha Biz=(Chicago) Reporter Kim Jisun] LX Holdings, the holding company of LX Group, saw its second-quarter operating profit drop sharply. The weakness of affiliates except LX Hausys affected.
LX Holdings announced on the 7th that it recorded consolidated operating profit of 21.6 billion won in the second quarter of this year. It decreased by 60% compared to the same period last year.
LX Holdings' operating profit depends on its affiliates' performance. This is because the profit or loss of each affiliate (equity method profit or loss) multiplied by the holding stake is included in the operating profit.
Except for LX Hausys among the affiliates of LX Group, the operating profit of LX Holdings decreased due to poor performance in the second quarter. LX Hausys recorded 49.4 billion won in operating profit in the second quarter, up 780% from the second quarter of last year. During the same period, LX International and LX Semicon's operating profit fell 55 percent and 93 percent, respectively.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
