AI · SEMICONDUCTOR · FACT CHECK
SKD WIRETrue
LG Innotek's third-quarter revenue surpassed the 6 trillion won mark for the first time in the company's history, but operating profit was cut roughly in half as the sharp decline in the won-dollar exchange rate weighed on earnings, according to the company's announcement.
LG Innotek said its third-quarter revenue exceeded 6 trillion won, a first for the company. The milestone underscores the steady top-line growth of the components maker, whose portfolio includes optical communication modules and camera modules for smartphones.
The company's disclosure places the revenue figure above the 6 trillion won threshold, an outcome the company highlighted in its earnings release materials.
While revenue set a record, the bottom line told a different story. The company attributed the roughly 50 percent drop in operating profit to the rapid fall in the exchange rate, per its announcement. A weaker dollar against the won reduces the value of overseas sales when converted back into Korean currency, a structural sensitivity for export-heavy component suppliers.
The attribution of the profit decline to the exchange rate movement is based on the company's own earnings presentation and related statements.
The combination of record revenue and sharply lower operating profit illustrates the margin pressure that currency volatility can create even in strong demand periods. LG Innotek's earnings release images published through its official channels present the quarterly results, with the revenue milestone and the profit decline standing out as the quarter's two defining figures.
The company did not release detailed forward guidance in the materials reviewed for this report, and any outlook beyond the announced results remains unconfirmed.
In short, LG Innotek crossed the 6 trillion won quarterly revenue line for the first time while operating profit was cut roughly in half on the sharp exchange-rate drop — the claim is True.