LS Eco Energy posts 40 percent revenue growth

LS Eco Energy's revenue rose 40 percent from a year earlier to 350 billion won ($245 million).

Operating profit increased 7 percent to 25.3 billion won ($17.7 million), while net income gained 5.3 percent to 19.1 billion won ($13.4 million).

Ultra-high-voltage cable sales rose 177 percent from a year earlier in the first quarter, supported by global power-grid investment and growing demand from AI data centers.

Vietnam's government is expanding investment in transmission and distribution networks under its eighth National Power Development Plan, or PDP8. Power-grid projects for data centers across the Association of Southeast Asian Nations were presented as a foundation for growth.

LS-VINA recorded first-quarter revenue of 296 billion won ($207 million), while LS Cable & System Vietnam reported 67.7 billion won ($47.4 million).

LS-VINA, a Vietnam production subsidiary, has received quality certification for 230-kilovolt ultra-high-voltage cables that meet CS9 requirements for US power projects.

"We are pursuing high-voltage cable certification for entry into the North American market and will actively respond to surging global demand by increasing LSCV's optical-cable production," Lee Sang-ho said.