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[Alpha Biz=(Chicago) Reporter Kim Jisun] L&F turned into a deficit due to falling raw material prices and slowing growth in demand for electric vehicles.
L&F announced on the 1st that it recorded an operating loss of 2,223 billion won in the aftermath of a massive inventory asset valuation loss due to a plunge in lithium prices last year.
Sales reached 4.6 trillion won due to shipments and an increase in average selling prices. The figure is up 19.5 percent from a year earlier.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
