LS Electric Cheongju Smart Factory View. (Photo=LS Electric)

 

[Alpha Biz= Reporter Kim Sangjin] LS Electric experienced a significant drop of over 17% on the 25th, despite reporting strong earnings for Q2 this year.

The company's stock closed at 215,500 won, down 44,500 won (-17.12%) from the previous day. Compared to its all-time high of 274,500 won reached the day before, the stock fell by 59,000 won (-21.49%) in just one day.

Starting the day with a 4.04% decline, the stock continued its downward trend following the earnings announcement.

LS Electric reported a 4.51% increase in operating profit for Q2, reaching 109.6 billion won, compared to the same period last year.

 

 

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