LG Innotek Q2 profit surges twentyfold

LG Innotek’s second-quarter operating profit surged more than twentyfold to 245.8 billion won ($167.6 million), crushing market expectations as strong camera-module and semiconductor-substrate sales defied a seasonal slowdown. Revenue climbed 40.5 percent on-year to a record 5.53 trillion won for the April-June period, well above market expectations despite what is typically the seasonal slowdown for its mobile components business. Net profit came to 169.7 billion won, swinging back into the bla