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 ...