LX Group's subsidiaries, LX Semicon and LX Hausys, are showing a downward trend in early trading on the 25th due to poor second-quarter performance.
As of 9:25 a.m. on that day, LX Semicon was trading at 57,700 won, down 4,700 won (7.53%) from the previous trading day. LX Hausys also showed a decline of 1,450 won (4.43%), indicating a price of 31,300 won.
Both companies’ second-quarter results announced the previous day had a negative impact on their stock prices. LX Semicon recorded a consolidation revenue of 378.615 billion won and an operating profit of 10.229 billion won, representing decreases of 21.9% and 81.8%, respectively, compared to the same period last year. The market consensus was for revenue of 437 billion won and operating profit of 35.8 billion won, but those figures fell significantly short.
LX Hausys also saw a 13% and 66.2% decrease in revenue and operating profit compared to the same period last year, respectively. The company reported a net loss of 81 million won, resulting in a shift to a deficit.