LG Uplus Corp

032640: XKRX (KOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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LG Uplus Earnings: Steady Increase in Market Share but Increased Depreciation Lowers Earnings

Dan Baker

Nov 11, 2024

LG Uplus' third-quarter 2024 services revenue increased by 2.9%, with operating profit down 3.2%, although this decline was due to increased depreciation, with EBITDA up 2.4%. These growth rates are broadly in line with the first half and in line with our expectations.

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LG Uplus Corp

LG Uplus Earnings: Steady Increase in Market Share but Increased Depreciation Lowers Earnings

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