LIG D&A Sees Significant Q1 Operating Profit Surge

LIG Defense & Aerospace (LIG D&A)'s operating profit for the first quarter significantly increased by 56.1% compared to the same period last year, marking a noticeable improvement in the company's profitability. This performance enhancement was primarily driven by an increased share of exports in the overseas market, with exports accounting for 34.7% of total revenue in Q1, a substantial rise from 20.4% in the previous year, contributing to an overall profit increase.

By business segment, guided weapons revenue grew by 62.0% year-on-year due to factors such as the mass production of the Cheongung-II and Mid-range Torpedo-II for the UAE. The avionics and electronic warfare segment also saw growth of 75.7%, bolstered by the KF-21 mass production. The operating profit margin rose to 14.7%, an increase of 2.6 percentage points year-on-year. Despite a 16.9% decrease in sales compared to the previous quarter, operating profit jumped 342.4% from 38.7 billion won to 171.1 billion won.