LS Group tops 1 trillion won in first-half operating profit as AI data center boom boosts power orders

LS Group posted first-half operating profit of 1.0717 trillion won ($720 million), up 98.4% from a year earlier and above 1 trillion won for the first time, as global Big Tech spending on AI data centers and aging-grid replacement lifted demand for cables, busducts, transformers and copper products. Revenue rose 39% to 20.528 trillion won, surpassing the 1.0526 trillion won of operating profit the group recorded in all of last year, while second-quarter revenue and operating profit hit records of 11.0236 trillion won and 595.6 billion won; the combined order backlog at key units including LS Cable & System and LS Electric reached 19.5554 trillion won. LS Cable & System posted first-half revenue of 4.5232 trillion won and operating profit of 238.4 billion won, LS Electric reported 2.9535 trillion won and 305.1 billion won, LS MnM posted 10.2362 trillion won and 365.3 billion won, and LS I&D recorded 3.2325 trillion won and 116.6 billion won, while Gaon Cable, LS Eco Energy and LS Marine Solution also delivered record half-year results. The group is expanding overseas plants, including LS GreenLink's submarine cable base in Virginia, and moving into rare earth and battery-material businesses while keeping net debt to EBITDA at 3.9 times and interest coverage at 4.9 times.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.