0
World
Samsung SDI swings to Q1 profit on ESS battery growth
April 28, 2026
Scroll
Posted 4 hours ago by
Samsung SDI Co., a major South Korean battery manufacturer, said Tuesday it swung to a profit in the first quarter from a year earlier, driven by expanded energy storage system sales. In the three months that ended in March, the company shifted to a net profit of 56.1 billion won (38.1 million) from a net loss of 216 billion won in the same period last year, it said in a regulatory filing.
The company attributed the turnaround to increased US-based production and sales of ESS batteries, along w
The korea Herald News
Coverage and analysis from South Korea. All insights are generated by our AI narrative analysis engine.
South Korea
Bias: center
People's Voices (0)
Leave a comment
0/500
Note: Comments are moderated. Please keep it civil. Max 3 comments per day.